Financial Markets
What does a bank do? The Federal Reserve Bank of San
Francisco provides an answer:
www.frbsf.org/education/activities/drecon/answerxml.cfm?selectedurl=/2001/0107.html
The late Paul Heyne explains interest rates:
www.econlib.org/library/Enc/InterestRates.html
The Federal Reserve Bank of San Francisco examines the
difference between debt and equity markets:
www.frbsf.org/education/activities/drecon/answerxml.cfm?selectedurl=/2005/0510.html
In 1990 Harry Markowitz won a Nobel Prize in Economics
for his work about trading off risk for return that
established the analysis of portfolio choice. Read about it
at the web site for Nobel Prizes:
nobelprize.org/nobel_prizes/economics/laureates/1990/press.html
John Stoessel write in praise of speculators:
www.creators.com/opinion/john-stossel/bless-the-speculator.html
The Federal Reserve Bank of San Francisco has a concise
summary of financial markets, including the market of
foreign exchange, and why they are important:
www.frbsf.org/education/activities/drecon/answerxml.cfm?selectedurl=/2001/0106.html
The New York Federal Reserve explains devaluations and
revaluations, events that happen with fixed exchange
rates:
www.newyorkfed.org/aboutthefed/fedpoint/fed38.html
These links were checked on July 5, 2008.
  
Copyright
Robert Schenk
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