THE ECONOMICS OF MONEY, BANKING, AND FINANCIAL MARKETS

The Economics of Money, Banking and Financial Markets brings a fresh perspective to today’s major questions surrounding financial policy. Influenced by his term as Governor of the Federal Reserve, Frederic Mishkin offers students a unique viewpoint and informed insight into the monetary policy process, the regulation and supervision of the financial system, and the internationalization of financial markets.

Continuing to set the standard for money and banking courses, the Eleventh Edition provides a unifying, analytic framework for learning¿ that fits a wide variety of syllabi.¿ Core economic principles organize students’ thinking, while current real-world examples keep them engaged and motivated.

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KEY TOPICS:

Why Study Money, Banking, and Financial Markets?; An Overview of the Financial System ; What Is Money?; Understanding Interest Rates; The Behavior of Interest Rates; The Risk and Term Structure of Interest Rates; The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis; An Economic Analysis of Financial Structure; Banking and the Management of Financial Institutions; Economic Analysis of Financial Regulation; Banking Industry: Structure and Competition; Financial Crises; Central Banks and the Federal Reserve System; The Money Supply Process; The Tools of Monetary Policy;

The Conduct of Monetary Policy: Strategy and Tactics; The Foreign Exchange Market; The International Financial System; Quantity Theory, Inflation, and the Demand for Money; The IS Curve; The Monetary Policy and Aggregate Demand Curves; Aggregate Demand and Supply Analysis; Monetary Policy Theory; The Role of Expectations in Monetary Policy; Transmission Mechanisms of Monetary Policy; Financial Crjses in Emerging Market Economies; The ISLM Model; Nonbank Finance; Financial Derivatives; Conflicts of Interest in the Financial Services Industry

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MARKET:

Suitable for readers interested in Money and Banking or General Economics.