Financial Markets and Economic Activity Abstract Preliminary Pages [i-xi] Chapter 1 Commerical Banks as Creators of "Money," by James Tobin [1] 2 A Model of Bank Portfolio Selection, by Richard C. Porter [12] 3 Financial Intermediaries and the Effectiveness of Monetary Controls, by James Tobin and William C. Brainard [55] 4 Financial Intermediaries and a Theory of Monetary Control, by William C. Brainard [94] 5 Monetary Policy, Debt Management, and Interest Rates: A Quantitative Appraisal, by Arthur M. Okun [142] 6 Determinants of Bond Yield Differentials: 1954 to 1959, by Peter E. Sloane [189] Index [247] DocumentControlNumber(s) CFM 21 Author(s) Donald D. Hester, James Tobin & John Wiley & Sons Publication Date January 1967