Editorial Reviews:
Synopsis
B/B BThe Economics of Money, Banking, and Financial Markets/B set the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader. The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today’s readers. For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, the BBusiness School Edition/B is the ideal alternative.BRBRB/B BIntroduction: /BWhy Study Money, Banking, and Financial Markets?; An Overview of the Financial System; What Is Money? BFinancial Markets/B: 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. BFinancial Institutions/B: An Economic Analysis of Financial Structure; Financial Crises and the Subprime Debacle; Banking and the Management of Financial Institutions; Economic Analysis of Financial Regulation; Banking Industry: Structure and Competition; Nonbank Finance; Financial Derivatives; Conflicts of Interest in the Financial Industry. BCentral Banking and the Conduct of Monetary Policy/B: Structure of Central Banks and the Federal Reserve System; The Money Supply Process; Tools of Monetary Policy; What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics. BInternational Finance and Monetary Policy: /BThe Foreign Exchange Market; The International Financial System. BMonetary Policy/B: The Demand for Money; Aggregate Demand and Supply Analysis; Transmission Mechanisms of Monetary Policy: The Evidence; Money and Inflation.BRBRB/B For all readers interested in money, banking, and financial markets.
