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2024 Econ331 - Summary Money and Banking Concordia University
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2024 Econ331 - Summary Money and Banking Concordia University
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lOMoARcPSD|107546542024 Econ331 - Summary Money and
Banking Concordia University
,lOMoARcPSD|10754654
, lOMoARcPSD|10754654
Chapter Summaries
Chapter 1: Why study Money and Banking
1) Activities in financial markets have direct effects on individuals wealth, the behaviour of businesses, and the efficiency
of our economy. Three financial markets deserve particular attention: the bond market (where interest rates are
determined), the stock market (which has a major effect on people s wealth and on firms investment decisions), and
the foreign exchange market (because fluctuations in the foreign exchange rate have major consequences for the
Canadian economy).
2) Banks and other financial institutions channel funds from people who might not put them to productive use to
people who can do so and thus play a crucial role in improving the efficiency of the economy.
3) Money appears to have a major influence on inflation, business cycles, and interest rates. Because these economic
variables are so important to the health of the economy, we need to understand how monetary policy is and should
be conducted. We also need to study government fiscal policy because it can be an influential factor in the conduct of
monetary policy.
4) This textbook stresses the economic way of thinking by developing a unifying analytic framework for the study of
money, banking, and financial markets using a few basic economic principles. This textbook also emphasizes the
interaction of theoretical analysis and empirical data.
Chatper 2: Overview of the Financial System
)
, lOMoARcPSD|10754654
Chapter #3: What is Money?
Summary
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