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 internationalszation of financial markets. The 12th Edition, Global Edition, provides a unifying, analytic framework for learning that fits a wide variety of syllabi. Core economic principles and real-world examples organize students' thinking and keeps them motivated. The full text downloaded to your computer

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Klappentext

For courses in money and banking, or general economics.

A unified framework for understanding 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. The 12th Edition, Global Edition, provides a unifying, analytic framework for learning that fits a wide variety of syllabi. Core economic principles and real-world examples organize students' thinking and keeps them motivated.

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Inhalt

PART I: INTRODUCTION
1. Why Study Money, Banking, and Financial Markets?
1. An Overview of the Financial System
1. What Is Money?
PART II: FINANCIAL MARKETS
1. The Meaning of Interest Rates
1. The Behavior of Interest Rates
1. The Risk and Term Structure of Interest Rates
1. The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis
PART III: FINANCIAL INSTITUTIONS
1. An Economic Analysis of Financial Structure
1. Banking and the Management of Financial Institutions
1. Economic Analysis of Financial Regulation
1. Banking Industry: Structure and Competition
1. Financial Crises in Advanced Economies
1. Financial Crises in Emerging Market Economies
PART IV: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY
1. Central Banks
1. The Money Supply Process
1. Tools of Monetary Policy
1. The Conduct of Monetary Policy: Strategy and Tactics
PART V: INTERNATIONAL FINANCE AND MONETARY POLICY
1. The Foreign Exchange Market
1. The International Financial System
PART VI: MONETARY THEORY
1. Quantity Theory, Inflation, and the Demand for Money
1. The IS Curve
1. The Monetary Policy and Aggregate Demand Curves
1. Aggregate Demand and Supply Analysis
1. Monetary Policy Theory
1. The Role of Expectations in Monetary Policy
1. Transmission Mechanisms of Monetary Policy