The Economics of Money, Banking, and Financial Markets

The Economics of Money, Banking, and Financial Markets 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 students. By applying a unified analytical framework to the models, Mishkin makes theory intuitive for students, and the rich array of current, real-world events keeps students motivated. Authoritative, comprehensive, and flexible, the text is easy to integrate into a wide variety of syllabi, and its ancillaries provide complete support when teaching the course. For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, the Business School Edition is the ideal alternative. Learn more here. MyEconLab(R) is available for the text, so students can work end-of-chapter problems online and their work is automatically graded and tracked in your online gradebook. To see how instructors can use MyEconLab in their courses, click here. For more information or to request access, visit MyEconLab.

ISBN 0321598903   Volumes 1 ISBN13 9780321598905 (What's this?)   Weight (grammes) 1000 Publisher Pearson Education (US)   Published in New Jersey Imprint Addison-Wesley Educational Publishers Inc   Previous ISBN 9780321415059 Format Multimedia Item   Height (mm) 259 Publication date 28 Oct 2009   Width (mm) 221 DEWEY 332   Spine width (mm) 30 DEWEY edition DC22   Academic level Tertiary education Pages 768   Alternative ISBN 9781408245804

Part I Introduction 1. Why Study Money, Banking, and Financial Markets? 2. An Overview of the Financial System 3. What Is Money? Part II Financial Markets 4. Understanding Interest Rates 5. The Behavior of Interest Rates 6. The Risk and Term Structure of Interest Rates 7. The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis Part III Financial Institutions 8. An Economic Analysis of Financial Structure 9. Financial Crises and the Subprime Debacle 10. Banking and the Management of Financial Institutions 11. Economic Analysis of Financial Regulation 12. Banking Industry: Structure and Competition Part IV Central Banking and the Conduct of Monetary Policy 13. Structure of Central Banks and the Federal Reserve System 14. The Money Supply Process 15. Tools of Monetary Policy 16. What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics Part V International Finance and Monetary Policy 17. The Foreign Exchange Market 18. The International Financial System Part VI Monetary Policy 19. The Demand for Money 20. The ISLM Model 21. Monetary and Fiscal Policy in the ISLM Model 22. Aggregate Demand and Supply Analysis 23. Transmission Mechanisms of Monetary Policy: The Evidence 24. Money and Inflation 25. Rational Expectations: Implications for Policy

"The Mishkin text matters. The ideas and principles throughout the book are important for students and policymakers. The text is well organized, and I have never read any better explanation of economic principles." --J. Robert Gillette, University of Kentucky "Mishkin's textbook is informative, well-written, and approachable by both economics majors and non-majors." --Gabriele Camera, Purdue University "Mishkin is by far the best book in the field. It is complete and exhaustive." --Joao Ricardo Faria, University of Texas--Dallas "Mishkin is by far the most complete and concise reference on the market for students taking financial economics and monetary policy courses." --J. Reynolds, Northern Illinois University "The quality of the writing style and the updated coverage of topics make this a great book." --Phillip Lane, Fairfield University "I have my students telling me at the end of the semester [that] they have enjoyed reading the book." --Alla A. Melkumian, Western Illinois University "[Mishkin] is relevant, challenging, and interesting. It provides clear explanations of monetary theory and policy. It is up-to-date. The Federal Reserve material features an insider's perspective." --Linda Hooks, Washington and Lee University "The use of economic analysis gives students a deeper understanding and attracts their interest. The extensive presentation of charts appeals to visual learners and the associated PowerPoint slides give instructors useful visual aids for classroom lectures." --Fiona Mclachlan, Manhattan College

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