Liquidity Preference Money S D Money Supply

Liquidity Preference

Money S&D

Money Supply

Determinants of Money Demand

Example of Fed operation

Tax Cuts and Interest Rates

Quantity of Money

Velocity

Monetarism

Monetarist conclusions

Money Supply Growth

Review Problem

Risk Structure

Default Risk

Risk Premium

Muni Bonds

Term Structure

Example

Question

Expectations Hypothesis

Example

Expectations Theory of the term structure

Expectations theory

Expectations Theory

Expectations Theory

Expectations Theory

Questions

Liquidity Premium

Liquidity Premium

Liquidity Premium

Liquidity Premium

Liquidity Premium

Yield Curve and Forecasting

Practice Problem

Economic Analysis of Financial Institutions

Moral Hazard Remedies

Adverse Selection

Asymmetric Info

Returns to Scale for Banks

Moral Hazard with stocks and bonds

Extreme Crisis

Banking Industry

Features of U. S. Banking Industry

Some History

More History

Bank Consolidation

Repeal of GS

Financial Innovation

Banking Regulation

Asymmetric information

Regulations

Chartering

Examination

Dodd – Frank (2009)

S&L crisis of the 80 s

More causes

Oversight

Bank and S&L failures

Role of Regulators

Politics

Deal with it

Dealing with it

S&L Debacle Summary

Banking Crises

Monetary Policy Institutions

Federal Reserve

Structure of the Fed System

Tools of Monetary Policy

Fed Independence

Fed Independence

Fed Independence

Fed Balance Sheet

Money Supply Process