Money and Banking

Author: Li Min
Publisher:
Publish Date: 2004-03-01
Features: The book is a professional basic course textbook for financial studies. It is divided into nine chapters, starting with money and monetary systems, and provides in-depth discussions on how commercial banks, other financial institutions, and the public use various credit instruments for investment and financing activities in financial markets. It thoroughly analyzes why interest rates are the indicators for measuring the cost and return of various financial assets, how central banks use monetary policy tools to influence or change people's demand for money, and adapt to economic growth. It also systematically discusses and compares the major theories arising from inflation and deflation in economic activities. Case studies are provided after each chapter to help readers understand some abstract classical theories. This book is suitable for college students and teachers in finance and economics majors, as well as practitioners.