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. For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, theBusiness School Edition is an ideal alternative.

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.

This edition continues to expand on the discussion of the current financial crisis.

MyEconLab® 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.

Klappentext

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, The Economics of Money, Banking, and Financial Markets 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.

Inhalt

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