Autorentext

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, co-director of the US Monetary Policy Forum, a member of the Squam Lake Working Group on Financial Reform, and past president of the Eastern Economics Association.

Professor Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than twenty books and has published more than 200 articles in prominent journals. Mishkin is currently an associate editor (member of the editorial board) at six academic journals.

Zusammenfassung

Gain a strong foundation in the principles of economics and learn to apply them successfully in real-life scenarios.

Economics of Money, Banking and Financial Markets, 13th edition, Global Edition, by Frederic S. Mishkin, brings a fresh perspective to the major questions surrounding financial policy. Drawing on his experience as former Governor of the Federal Reserve, Mishkin brings a unique viewpoint to the subject. The text guides you with helpful insights through topics covering the monetary policy process, the regulation and supervision of the financial system, and the internalisation of financial markets.

The 13th edition comes packed with new examples, additional insight boxes and revised in-chapter content, making it an excellent aid for courses on money and banking or general economics.

This authoritative text will ensure you are equipped with the tools to make successful decisions in both your personal and professional life.

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Inhalt

Brief Contents

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

1. The Meaning of Interest Rates
2. The Behavior of Interest Rates
3. The Risk and Term Structure of Interest Rates
4. The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis

PART III: Financial Institutions

1. An Economic Analysis of Financial Structure
2. Banking and the Management of Financial Institutions
3. Economic Analysis of Financial Regulation
4. Banking Industry: Structure and Competition
5. Financial Crises in Advanced Economies
6. Financial Crises in Emerging Market Economies

PART IV: Central Banking And The Conduct Of Monetary Policy

1. Central Banks
2. The Money Supply Process
3. Tools of Monetary Policy
4. The Conduct of Monetary Policy: Strategy and Tactics

PART V: International Finance and Monetary Policy

1. The Foreign Exchange Market
2. The International Financial System

PART VI: Monetary Theory

1. Quantity Theory, Inflation, and the Demand for Money
2. The IS Curve
3. The Monetary Policy and Aggregate Demand Curves
4. Aggregate Demand and Supply Analysis
5. Monetary Policy Theory
6. The Role of Expectations in Monetary Policy
7. Transmission Mechanisms of Monetary Policy

Additional Chapters in Pearson Pearson Mylab Economics

1. Nonbank Finance
2. Financial Derivatives
3. Conflicts of Interest in the Financial Services Industry