TY - BOOK AU - Howells,P.G.A. AU - Bain,K. TI - Financial markets and institutions SN - 0201619067 U1 - 332.10941 21 PY - 2000/// CY - Harlow, England, New York PB - Financial Times Prentice Hall KW - Financial institutions KW - Great Britain KW - Finance N1 - Includes index; 1. Introduction: the financial system 1.1 Financial Institutions 1.1.1 Financial institutions as firms 1.1.2 Financial institutions as 'intermediaries' 1.1.3 The creation of assets and liabilities 1.1.4 Portfolio equilibrium 1.2 Financial markets 1.2.1 Types of product 1.2.2 The supply of financial instruments 1.2.3 The demand for financial instruments 1.2.4 Stocks and flows in financial markets 1.3 Lenders and borrowers 1.3.1 Saving and lending 1.3.2 Borrowing 1.3.3 Lending, borrowing and wealth 1.4 Summary Questions for discussion Further reading 2. The financial system and the real economy 2.1 Lending, borrowing and national income 2.2 Financial activity and the level of aggregate demand 2.2.1 Money and spending 2.2.2 Liquid assets and spending 2.2.3 Financial wealth and spending 2.3 The composition of aggregate demand 2.4 The financial system and resource allocation 2.5 Summary Questions for discussion Further reading Answers to exercises 3. Deposit-taking institutions 3.1 The Bank of England 3.1.1 The conduct of monetary policy 3.1.2 Banker to the commercial banking system 3.1.3 Banker to the government 3.1.4 Supervisor of the banking system 3.1.5 Management of the national debt 3.1.6 Manager of the foreign exchange reserves 3.1.7 Currency Issue 3.2 Banks 3.3 Banks and the creation of money 3.3.1 Why banks create money &nbs N2 - Looking at financial markets and institutions from the economist's perspective, this book takes a practical, applied approach in order to help students understand events as they happen in the real world. It also includes new figures and legislative and regulatory changes, and provides a comprehensive coverage of the workings of financial markets ER -