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Journal of Finance Vol. 49 No. 5 1994

Financial Institutions and Markets.

Duane Stock; Meir Kohn

Abstract

Part 1 Principles: lending, payments and risk-taking the financial system and its technology efficiency, stability and government intervention. Part 2 Interest rates and exchange rates: interest rates, exchange rates and security prices the level of interest rates and exchange rates money, prices, interest rates and exchange rates the structure of interest rates and exchange rates. Part 3 Intermediaries: understanding financial intermediaries commercial banks the banking industry - part 1 the banking industry - part 2 near banks - thrifts, finance companies and others payments and foreign exchanges insurance pension funds and mutual funds. Part 4 Markets: understanding security markets the market for government securities the money market the capital market the mortgage market and securitization the derivatives market - futures, options and swaps. Part 5 Stability and the central bank: managing liquidity and risk the stability of the financial system deposit insurance controlling the quantity of money monetary policy.

DOI
10.2307/2329280
Volume
49
Issue
5
Pages
1928
Sources
openalex crossref

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