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The money market has traditionally been defined as the market for short-term marketable debt instruments, such as commercial paper (CP) and treasury bills (TBs). It is much more than this. It embraces all short-term lending and borrowing, marketable and non-marketable, and includes the significant interbank market. It is in this market that interest rates have their genesis.
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Publish Date
2013
Publisher
Bookboon.com
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Subjects
Economics and FinanceEdition | Availability |
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Book Details
Table of Contents
Content
Context: the financial system
Learning objectives
Introduction
The financial system
Allied participants in the financial system
Summary
Bibliography
Overview
Learning objectives
Definition
Primary money market: supply of and demand for short-term funds
Organisational structure of the money market
Money (deposit) creation in the money market
Interbank deposit / loan market
Money market interest rates
Money market derivative markets
International aspects of the money market
Economics of the money market
Summary
Bibliography
Interbank market & monetary policy
Learning outcomes
Introduction
Bank to central bank interbank market (required reserves) (b2cb IBM)
Bank to bank interbank market at the final interbank clearing (reserve funds market) (b2b IBM)
Central bank to bank interbank market (liquidity shortage) (cb2b IBM)
The money market identity / analysis
Bank to bank interbank market revisited
Summary
Bibliography
Mathematics
Learning objectives
Introduction
Time value of money concept
Simple interest
Compound interest
Broken periods of less than a year (one interest payment)
Discount
Effective rate
Interest-add-on securities
Discount securities
Treasury bill tender mathematics
Bonds with longer than six months to maturity date
Bibliography
Deposit & debt securities
Learning objectives
Introduction
Money market interest rates
Deposit securities
Debt securities
Summary
Bibliography
Derivative instruments
Learning objectives
Introduction
Forwards
Money market interest rate future
Interest rate swaps
Options
Derivatives on derivatives
Summary
Bibliography
Endnotes
ID Numbers
Links outside Open Library
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- Created October 31, 2014
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August 22, 2020 | Edited by ISBNbot2 | normalize ISBN |
November 22, 2014 | Edited by Alice Kirk | Edited without comment. |
October 31, 2014 | Edited by Alice Kirk | Edited without comment. |
October 31, 2014 | Edited by Alice Kirk | Added new cover |
October 31, 2014 | Created by Alice Kirk | Added new book. |