The American Monetary System

Part I. Historical Perspectives on Money, Financial Institutions and Markets

1. What Gives Money Its Value? From Gold to Paper
William H. Wallace

2. What Is Driving the Financial World Today?
William H. Wallace

Part II. Banking: Asset and Liability Management; Banking Supervision and Regulation

3. How Are Banks Funded?
William H. Wallace

4. How Do Banks Use Their Funds? The Asset Side of the Balance Sheet
William H. Wallace

5. Who Owns the Banks? Bank Capital and the Basel Accord
William H. Wallace

6. How Safe Are Our Banks? Supervision and Regulation of the Financial System
William H. Wallace

Part III. Financial Markets and the Management of Financial Risk

7. What Makes the System Work? The Discipline of the Markets
William H. Wallace

8. Who Finances American Industry? The Relative Roles of Commercial and Investment Banking
William H. Wallace

9. What Went Wrong, and What Are We Doing to Fix It? A Chronology of Financial Crises
William H. Wallace

10. Why Have Financial Risks Skyrocketed, and How Is the Industry Dealing with It?
William H. Wallace

Part IV. Central Banking and Monetary Policy

11. What Are the Purposes and Functions of the Federal Reserve System?
William H. Wallace

12. How Is American Monetary Policy Made, and How Does It Affect the Domestic and Global Economies?
William H. Wallace

13. A Career with the Federal Reserve: Some Personal Reminiscences
William H. Wallace

Avainsanat: Economics/Management Science, Macroeconomics/Monetary Economics, Economic Systems, Public Finance & Economics