货币、信用与资本:英文

编辑:研究网互动百科 时间:2020-03-30 13:30:28
编辑 锁定
《货币、信用与资本英文》是1998年东北财经大学出版社出版的图书,作者是托宾等(美)。
作    者
托宾                       /            等(美)
ISBN
9787810444644
页    数
316
定    价
36.00元
出版社
东北财经大学出版社
出版时间
1998-08
装    帧
平装

目录

货币、信用与资本:英文作品目录

编辑
CONTENTSIN BRlEF
  1 National Wealth and Individual Wealth
  2 Properties of Assets
  3 Portfolio Selection with Predictable Assets, with
  Application to the Demand for Money
  4 Portfolio Selection with Imperfectly Predictable
  Assets
  5 Portfolio Balance: Currency, Capital, and Loans
  6 Financial Markets and Asset Prices
  7 The Banking Firm: A Simple Model
  8 The Monetary and Banking System of the United
  States: History and Institutions
  9 The Monetary and Banking System of the United
  States: Analytic Description
  lO Money and Government Debt in a General
  Equilibrium Framework
  References
  Name Index
  Index
  TABLE OF CONTENTS
  Preface
  Introduction
  1 National Wealth and Individual Wealth
  2 Properties of Assets
  2.1 Asset Properties and Investor Attitudes
  2.2 Liquidity
  2.3 Reversibility
  2.4 Divisibility
  2.5 Predictability
  2.6 Yield and Retum
  2.7 Predictability of Real Values and Real Retums
  2.8 Acceptability in Exchange
  Appendix 2A: Asset Prices, Yields, and Retums
  3 Portfolio Selection with Predictable Assets, with
  Application to the Demand for Money
  3.1 The Role of Liquidity in Portfolio Choice
  3.1.1 Perfect Asset Markets
  3.l.2 Imperfect Asset Markets
  3.1. 2.1 Thefrequency ofportfolio shifts and investment
  decisions /'3.7.2.2 Effects oftiming of accumulation
  goals / 3.1.2.3 Liquidity preference ?Diversification for
  mixed and uncertain target dates
  3.2 The Demand for Money
  3.2.1 Transactions and Cash Requirements
  3.2.7.7 Transactions on income account and asset
  exchanges / 5.2.7.2 The working balance
  3.2.1.3 The demandfor working balances
  3.2.2 The Share of Cash in Working Balances
  3.2.2.7 A model ofthe transactions demandfor
  money / 3.2.2.2 Digression applying the model to the
  currency versus deposits choice / 3.2.2.3 Uncertainty
  and precautionary demand/3.2.2.4 The quantity
  theory ofmoney
  3.2.3 Working Balances and Cash in the Permanent Portfolio
  3.2.3.1 The transactions motive / 3.2.3.2 The investment
  motive
  3.2.4 Financial Innovation and Liberalization
  4 Portfolio Selection with Imperfectly
  Predictable Assets
  4.1 The Ranking of Uncertain Prospects
  4.1.1 Preferences Conceming Risks and
  Expectations of Retum
  4.1.2 Maximization of Expected Utility
  4.1.3 Characterizing Risk Aversion
  4.2 Mean-Variance Analysis
  4.2.1 The Measurement of Risk as Standard
  Deviation of Retum
  4.2.2 Indifference Curves and Budget Constraints
  4.2.2.7 Risk-expectation indifference curves-loci
  ofconstant expected utility / 4.2.2.2 Opportunities
  for expectation and risk / 4.2.2.3 Optimal portfolio
  choices
  4.3 The Separation Theorem
  4.4 Multiperiod Investment
  4.4.1 Portfolio Choice with a Single Future
  Consumption Date
  4.4.2 Modeling Multiperiod Portfolio Choice
  4.4.3 Sequential Portfolio Decisions
  4.4.4 Multiperiod Consumption and Portfolio Choice
  Appendix 4A: Measures of Risk Aversion
  5 Portfolio Balance: Currency, Capital, and Loans
  5.1 Portfolio Balance in a Two-Asset Economy
  5.2 Capital Market Equilibrium with Two Assets
  5.3 The Loan Market
  5.4 Analysis of the Loan Market: First Approximation
  5.4.1 Borrowers
  5.4.2 Lenders
  5.4.3 Market Equilibrium: Retum on Capital as Equilibrator
  5.4.4 Market Equilibrium: Financial Market Value of Capital
  as Equilibrator
  5.5 The Loan Market: Second Approximation, a Model with
  No Currency
  5.5.1 Default Risk and Credit Limits
  5.5.2 Lenders
  5.5.3 Borrowers
  5.5.4 Market Equilibrium with No Currency
  5.6 Market Equilibrium with Currency, Loans, and Capital:
  Second Approximation
  5.7 The Monetization of Capital
  Appendix 5A: Algebra of Lenders' and Borrowers' Portfolios
  Appendix 5B: Marketwide Constraints
  Appendix 5C: Asset Market Equations
  Appendix 5D: Asset Statistics
  Sources of Data for Tables 5.1 and 5.2 and Figures 5.l4, 5.l5
  5.l6,and5.l7
  6 Financial Markets and Asset Prices
  6.1 Valuations of Capital Assets and the q Ratio
  6.1.1 New and Used Goods
  6.1.2 Business and Corporate Capital
  6.1.3 A Stock-Flow Model of Investment and q
  6.l.4 The Saving-lnvestment Nexus
  6.2 Capital Asset Pricing
  6.2.1 The Capital Asset Pricing Model
  6.2.2 Extensions of the CAPM
  6.2.3 Critical Assessment of CAPM and Its Extensions
  6.3 A "Fundamentals" Approach to Asset Values
  6.4 Financial Markets in Practice
  6.4.1 Fundamentals and Bubbles
  6.4.2 The Asset Menu
  Conclusion
  Appendix 6A
  6A.l The Separation Theorem Again
  6A.2 Market Clearing and the CAPM
  7 The Banking Firm: A Simple Model
  7.1 The Portfolio Choices of a Bank
  7.2 The Bank's Deposits
  7.3 Bank Portfolios and Profits
  7.3.1 Penalties for Negative Defensive Position
  7.3.2 The Value and Cost of Equity
  7.3.3 The Value and Cost of Deposits
  7.3.4 Unrestricted Competition for Deposits
  7.4 Uncertainty about Deposits
  7.4.1 The Function of Reserves and Defensive Assets
  7.4.2 The Portfolio that Maximizes Expected Profit
  7.4.3 Effects of Uncertainty
  7.4.4 Value and Cost of Deposits
  7.5 The Bank's Response to Extemal Changes
  7.5.1 Exogenous Changes in Expected Deposits
  7.5.2 Other Changes in Available Funds
  7.5.3 The Yield of Defensive Assets
  7.5.4 Penalties for Negative Defensive Position
  7.5.5 Required Reserve Ratio
  7.6 Retention of Deposits
  7.7 Risk Neutrality or Risk Aversion?
  7.8 Concluding Remarks
  Appendix 7.A: Certainty about Deposits
  7A.l Deposits Exogenous and Costless
  7A.2 Deposits Exogenous at a Given Cost
  7A.3 Deposits Endogenous
  Appendix 7B: Uncertainty about Deposits
  7B.1 Deposits Exogenous but Random
  7B.2 Deposits Endogenous and Stochastic
  8 The Monetary and Banking System of the United
  States: History and Institutions
  8.1 Banking in the United States Today
  8.2 A Quick History of U.S. Banking
  8.3 Banking Panics
  8.4 The Federal Reserve Act of l 9 l 3
  8.5 The Great Depression and the Banking
  Crisis of l932-l933
  8.6 The Banking and Financial Reforms of the 1930s
  8.7 Gold and Silver in the U.S. Monetary System
  8.8 The Bretton Woods System, l 945-1971
  8.9 Federal Debt, Banks, and Money
  8.l0 Monetary Control and Debt Management
  8.11 The Supply of Bank Reserves
  8.12 Sources of Changes in Supplies of Banks
  Total Reserves
  8.13 Monetary Policy Operations and Targets
  9 The Monetary and Banking System of the United
  States: Analytic Description
  9.1 The Money Multiplier
  9.1.1 Currency versus Deposits
  9.l.2 Relation of Deposits to the Reserve Base
  9.2 Secondary Reserves
  9.3 Composition of Banks' Defensive Position: No Federal
  Funds Market
  9.4 The Federal Funds Market
  9.5 The Banking System's Defensive Position
  9.6 The Demand for Bank Deposits
  9.7 Equilibrium in the Money Market
  10 Money and Govermnent Debt in a General
  Equilibrium Framework
  Introduction
  l0.l Does Govemment Financial Policy Matter?
  l0.l.l Monetary Policy
  l0.l.2 Deficit Finance
  l0.2 General Equilibrium Models of the Capital Account
  l0.2.l Two interpretations of a Money-Capital Economy
  l0.2.2 Accounting Framework
  l0.2.3 The Analytical Framework
  10.2.3.7 A money-securities-capital economy
  10.2.3.2 An extended model
  10.3 Monetary Policies and the Economy
  10.3.1l Open-Market Operations
  10.3.2 Foreign Exchange Market Intervention
  10.3.3 The Central Bank Discount Rate
  10.3.4 Changes in Required Reserve Ratios
  10.4 Summary
  References
  Name Index
  Index
  Figure 2.1 Liquidity-perfect and imperfect
  Figure 2.2 Predictability illustrated
  Figure 2.3 Yield and appreciation.
  Figure 2.4 Real stock prices and the purchasing power of
  money l 950-1992.
  Figure 3.1 Two-period investment opportunities.
  Figure 3.2 Investment and consumption choices: Two
  special cases.
  Figure 3.3 Prospective receipts, expenditures, wealth
  determination of working balance.
  Figure 3.4 Time path of working balance, cash, and time
  deposits.
  Figure 3.5 Precautionary demand for liquidity.
  Figure 3.6 Precautionary balance decreases with variance
  Figure 3.7 Precautionary balance increases with variance
  Figure 4.1 Altemative schedules of utility of retum.
  Figure 4.2 Indifference curves in expected retum and
  standard deviation
  Figure 4.3 Retum and risk for various assets and
  portfolios.
  Figure 4.4 Efficiency locus in a currency-capital economy
  Figure 4.5 Opportunity loci for altemative assumptions
  about correlation.
  Figure 4.6 Efficiency locus with three assets.
  Figure 4.7 Portfolio shares and efficiency locus for a three-
  asset economy.
  Figure 4.8 U.S. private holdings offoreign assets, in
  percent of U.S. domestic asset supplies
  Figure 4.9 Foreign private holdings of U.S. assets, in
  percent of U.S. domestic asset supplies
  Figure 4.10 Choices of extreme points.
  Figure 4.11 Choices of intermediate points.
  Figure 4.12 Income and substitution effects of a shift in the
  efficiency locus.
  Figure 4.13 Efficiency locus with a riskless asset
  Figure 4.14 Efficiency locus when borrowing and lending
  rates are different.
  Figure 5.1 Portfolio balance with two assets.
  Figure 5.2 Equilibrium for a risk-averse borrower
  Figure 5.3 Risk-seeking borrower; nonzero risk
  on currency.
  Figure 5.4 Different borrowing and lending rates.
  Figure 5.5 Portfolio balance with currency, capital, and
  loans.
  Figure 5.6 Effects of an endogenous loan interest rate
  Figure 5.7 Portfolio retum with endogenous loan default
  risk.
  Figure 5.8 Lenders' portfolio choice as function of credit
  limit and interest rate.
  Figure 5.9 Retums to borrowers.
  Figure 5.10 Derivation of the loan supply curve.
  Figure 5.11 Equilibrium loan rates and credit lines.
  Figure 5.12 Portfolio retum with three assets and endogenous
  default risk.
  Figure 5.13 Separating equilibrium with three assets.
  Figure 5.14 Net monetary assets and monetized capital as
  shares of gross monetary assets.
  Figure 5.15 Monetary assets and private wealth.
  Figure 5.16 Monetized capital relative to private wealth
  Figure 5.17 M2/GMA.
  Figure 6.1 qratio, l 900-1995.
  Figure 6.2 The stock demand for capital and the flow
  supply of new capital.
  Figure 6.3 Adjustment to a rise in the stock demand for
  capital.
  Figure 7.1 Schematic representation of bank balance sheet
  Figure 7.2 Loans, required reserves, and disposable assets
  in relation to deposits.
  Figure 7.3 Maximizing net revenue from loans and
  defensive position.
  Figure 7.4 (a) Maximizing net revenue, given penalty
  interest for borrowing; (b) Maximizing net
  revenue, given penalty interest and
  fixed cost; (c) Maximizing net revenue
  comer solution.
  Figure 7.5 Balance sheet outcomes depending on deposits
  realized after loans decided.
  Figure 7.6 Cumulative probability distribution of deposits.
  Figure 7.7 Maximizing expected net revenue with deposits
  uncertain: (a) Penalty rate and no fixed cost;
  (b) Penalty rate and small fixed cost; (c) Penalty
  rate and large fixed cost.
  Figure 7.8 Full equilibrium of a bank.
  Figure 9.1 Reserves supplied and required, the constant-
  multiple case.
  Figure 9.2 (a) Reserves supplied and required, general
  case; (b) bill rate in relation to reserve supplies
  Figure 9.3 (a) Net free reserves relative to required
  reserves, nfr(t)/rr-(t - l), monthly l959-l994;
  (b) monthly change in nfr(t)/rr(t--1),
  l959-l994; (c) frequency distribution of
  nfr(t)rr(t-l), monthly l 959-1994; (d) frequency
  distribution ofchange in nfr(t)(t-- l),
  monthly l959-l994.
  Figure 9.4 Bank cash preference curve.
  Figure 9.5 Bank cash preference at altemative discount
  rates.
  Figure 9.6 Change in banks' cash preference function due
  to federal funds market.
  Figure 9.7 Determination of the federal funds rate: (a) bill
  rate low relative to discount rate; (b) bill rate
  high relative to discount rate.
  Figure 9.8 Relationship of bill rate and federal funds rate
  Figure 9.9 Relationship of federal funds rate to the bill
  rate.
  Figure 9.10 Relationship ofbanks' portfolio choice to loan
  rate.
  Figure 9.11 Public portfolio preferences and asset supplies
  Figure 9.12 Bank portfolio preferences and asset supplies
  Table1.1 National wealth of the United States, trillions of
  current dollars, 1994
  Table4.1
  Table4.2 Utility of retum; Expected utility of portfolio
  rank in parentheses
  Table4.3 Outcomes of mixed portfolio
  assuming independenc
  Table5.1 Assets in U.S. economy (in units of$ billion)
  Table5.2 Shares of monetized capital (MC) in private
  capital (PC) and in private wealth (PC + NMA)
  Table7.1 Effect of uncertainty about deposits on volume
  of loans and investments and expected defensive
  position
  Table7.2 Bank balance sheets and deposit losses
  Table7.3 Balance sheets with losses of expected deposits
  Table7.4 Balance sheets and increased reserve
  requirements
  Table8.1 Estimated composition and distribution of
  federal debt (billions of dollars)
  Table8.2 Estimated supply and holdings of federal debt
  demand debt, end of December (billions of
  dollars)
  Table8.3A Reserve requirements, Federal Reserve member
  banks January 30, 1967 (percent ofdeposits)
  Table8.3B Reserve requirements, all depository institutions
  June 30, l994 (percentofdeposits)
  Table8.4 Reserve accounting identities for Anybank and
  for all banks
  Table8.5 Aggregate reserve accounts of banks: two
  hypothetical examples (billions ofdollars)
  Table10.1 Asset/sector matrix for two countries
  Table10.2 Effects on endogenous variables of increase in
  specified variables, with all others held constant
[1] 
参考资料
词条标签:
教育书籍 出版物 书籍