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High Interest Money Market A History of Interest Rates A History of Interest Rates presents a very readable account of interest rate trends and lending practices over four millennia of economic history. Despite the paucity of data prior to the Industrial Revolution, authors Homer and Sylla provide a highly detailed analysis of money markets and borrowing practices in major economies. Underlying the analysis is their assertion that "the free market long-term rates of interest for any industrial nation, properly charted, provide a sort of fever chart of the economic and political health of that nation." Given the enormous volatility of rates in the 20th century, this implies we're living in age of political and economic excesses that are reflected in massive interest rate swings. Gain more insight into this assertion by ordering a copy of this book today.
The International Money Game by Robert Z. Aliber, Previous editions of Robert Z. Aliber's The New International Money Game have been widely acclaimed as the best and most entertaining introduction to the arcane enigmas of international finance. Since its original publication, the book has become a classic primer for beginning students, businesspersons, and anyone interested in a clear explanation of international monetary and financial issues. With expert knowledge and a wry sense of humor, Aliber demystifies international finance by breaking through the jargon barrier and presenting technical issues in a clear and concise manner. Aliber takes the reader on a tour of a multiplicity of international finance issues, including fixed and floating exchange rates, devaluations, money markets, monetary policy, and the concepts that lie behind the esoteric language of finance economists. This sixth edition tracks the changes that have taken place in the world economy since the previous editions by exploring financial globalization, postcommunist transition, European integration, and the Asian economic crisis. It is an indispensable and highly readable guide to the complex and increasingly fragile system through which the world's business is financed.
Money fund - Money funds (or money market funds, money market mutual funds) are mutual funds that invest in short-term debt instruments. They provide the benefit of pooled investments, as investors can participate in a more diverse and high-quality portfolio than they otherwise could individually. Open market operation - Open Market Operations are the means by which central banks control the liquidity of the national currency by buying or selling government securities. This management of liquidity is used to achieve certain money supply, inflation, or interest rate targets. Money market - The money market is the financial market for short-term borrowing and lending, typically up to one year. This contrasts with the capital market for longer-term funds. High-powered money - High-powered money is a macroeconomic term referring to the monetary base, which is controlled by the institution in a country that controls monetary policy. This is usually either the finance ministry or the central bank. highinterestmoneymarket |
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