The financial system

Pt. I Introduction — Introduction To The Financial System — Pt. Ii. Primary Sectors And Their Financial Demands — Financing Demands Of Business Corporations — Financial Decisions In The Household Sector — Financing Demands Of The Federal Government — Financing Demands Of State And Local Governments — The Impact Of The Rest Of The World On U.s. Financial Markets And Institutions — Competition For Funds Among The Primary Demanders — Pt. Iii. Equilibrium Forces In Financial Markets — Inflation And Interest Rates — The Term Structure On Interest Rates — Risk And The Structure Of Equilibrium Returns For Marketable Securities — Public Versus Private Markets And The Role Of Financial Intermediaries — Casual Forces, Equilibrium Forces, And Adaptation In Financial Markets — Pt. Iv. Commercial Banks And The Federal Reserve — Commercial Banks — The Federal Reserve, Interest Rates, And The Flows Of Money And Credit — Pt. V. The Principal Financial Markets — The Market For Short-term Corporate Debt — The Corporate Bond Market — The Corporate Equity Market — The Residential Mortgage Markets — Markets For U.s. Government Securities — The Market For Tax-exempt Securities — An Overview Of The Financial System. J. O. Light, William L. White. Includes Bibliographical References And Index.