Chapter1whystudymoney,bankingandfinancial1的作用financialmarketsarecrucialtopromotinggreatereconomicefficiencybychannelingfundsfrompeoplewhodonothaveaproductiveuseforthemtothosewhodo.Theinterestrateonthree-mouthtreasurybillsfluctuatesmorethantheinterestratesofernmentlong-termbondsandislower,onaverage.TheinterestrateonBaabondsishigherthanotherinterestrate,onaverage.P4金融體系(financialsystem)是由banks,insurancecompanies,mutualfunds,financialcompanies,andinvestmentbanks構(gòu)成的。Businesscycles,theupwardanddownwardmovementofaggregateoutputproducedintheP9businesscycle貨幣供給的變動是經(jīng)濟(jì)周期波動的推動力之一經(jīng)濟(jì)前都伴隨著貨幣增長率的下降P21AggregatepriceGDPdeflate（國內(nèi)生產(chǎn)總值平減指數(shù)）=nominalGDP/realGDPRealGDP是指以某一固定年份價(jià)格水平表示的當(dāng)年的國內(nèi)生產(chǎn)總值PCEdeflate（個(gè)人消費(fèi)支出平減指數(shù)）=nominalPCE/realPCEInflationrateisdefinedasthegrowthrateoftheaggregatepricelevelChapter2AnoverviewofthefinancialsystemDebtandequitymarketPrimaryandsecondarymarketEurobondsandEurocurrenciesP35金融中介機(jī)構(gòu)的功能TransactioncostRisksharingAsymmetricinformationP39ChapterP45FunctionsofmoneyP57M1M2M3PART2ChapterP68Measuringinterestrates P71YieldtomaturityonsimpleloanP73onafixed-paymentloanP74CouponbondP75三個(gè)特點(diǎn)P76perpetuity不可兌換債券P77currentyield discountbondP78yieldonadiscountbasisP85interestrate 等式realandnominalinterestChapterP93assetP97supplyanddemandP98marketequilibriumP100shiftindemandandsupplycurveP106圖效P107圖P111liquidity P113changesinequilibriuminterestratesintheliquiditypreferenceP115圖P116moneyandinterestepricelevelexpectedinflationeffectP120三幅圖的情況分析Chapter6P129defaultrisk圖P131liquidity（左移）P133P134termstructureofinterestYieldcurveandinvertedYieldcurveP141144146圖ChapterP152theOne-PeriodValuationP153theGeneralizedDividendValuationP160rationalexpectationsinfinancial人們沒辦法在市場獲得高額利潤小公司效應(yīng)ChapterP182eightpuzzlesP185金融中介機(jī)構(gòu)如何降低成本Economiesofscale投資組合多樣化P186AdverseselectionandmoralP188riderP192theprincipalagentP198圖P209P212Chapter9bankingandthemanagementoffinancial一、P220圖表銀行的資產(chǎn)負(fù)債表，區(qū)分各項(xiàng) T型賬戶資本充足性管理returnon 3承Chapter10ChapterToobigtofail太大而不能，可能會考論述Chapter12Chapter13Multipledepositcreationandthemoneysupply,,負(fù)債（1）currencyincirculation（2）reserves 資產(chǎn)（1）債券（2）貼現(xiàn)貼現(xiàn)率基礎(chǔ)貨幣（高能貨幣）Openmarket公開市場a向銀行進(jìn)行的公開市場b向非銀行公眾進(jìn)行的公開市場（注意T-account的變化c對基礎(chǔ)貨幣的影響公開市場：a向銀行進(jìn)行的公開市場b向非銀行公眾進(jìn)行的公開市場（注意T-account的變化c從存貨幣的轉(zhuǎn) Discount （T-account的變化floattreasurydepositattheFed財(cái)政存款Bm*Bm為1/rchapter14Determinantsoftheminey 貨幣乘數(shù)背后的意義：雖然存款存在多倍擴(kuò)張，但現(xiàn)金卻沒有這樣的擴(kuò)張過程（REC不具備存款擴(kuò)張過程）所以多倍存款擴(kuò)張模型小于簡化模型M=(1+c)/(r+e+c)*MB<M=B/rc呈負(fù)相關(guān)ei負(fù)相關(guān)e同預(yù)期存款外流呈正相關(guān)nonborrowedmonetarybaseborrowedreserves chapter15toolsofmonetary基金利率取決于準(zhǔn)備金市場，探討三種工具對基金利率的影響一、基金率和準(zhǔn)備金市場：基金率和準(zhǔn)備金市場的關(guān)系基金利率FFR上升，銀行愿意持有的準(zhǔn)備金增加，準(zhǔn)： 央行的公開市場操作使基金利率下降大部分貼現(xiàn)利率的變動不會影響基金