Editorial Reviews:
Synopsis
DIV sercontentB/B Well-known for its engaging, conversational style, this text makes sophisticated concepts accessible, introducing students to how markets and institutions shape the global financial system and economic policy. BPrinciples of Money, Banking, Financial Markets/B incorporates current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations.BRBRB/B BT/BBhe Basics: /BIntroducing Money, Banking, and Financial Markets; The Role of Money in the Macroeconomy; Financial Instruments, Markets, and Institutions. BFinancial Instruments and Markets: /BInterest Rate Measurement and Behavior; The Term and Risk Structure of Interest Rates; The Structure and Performance of Securities Markets; The Pricing of Risky Financial Assets; Money and Capital Markets; Demystifying Derivatives; Understanding Foreign Exchange. BBanks and Other Intermediaries: /BThe Nature of Financial Intermediation; Depository Financial Institutions; Nondepository Financial Institutions. BFinancial System Architecture: /BUnderstanding Financial Contracts; The Regulation of Markets and Institutions; Financial System Design. BThe Art of Central Banking: /BWho's In Charge Here?; Bank Reserves and the Money Supply; The Instruments of Central Banking; Understanding Movements in Bank Reserves; Monetary Policy Strategy. BMonetary Theory: /BThe Classical Foundations; The Keynesian Framework; The IISLM/I World; Money and Economic Stability in the IISLM/I World; An Aggregate Supply and Demand Perspective on Money and Economic Stability; Rational Expectations: Theory and Policy Implications; Empirical Evidence on the Effectiveness of Monetary Policy. BGrand Finale:/B Tying It All Together.BRBRB/B For all readers interested in money, banking, and financial markets. /DIV
