Full Description
This print textbook is available for students to rent for their classes. The Pearson print rental program provides students with affordable access to learning materials, so they come to class ready to succeed.
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 13th Edition provides a unifying, analytical framework for learning that fits a wide variety of syllabi. And core economic principles and real-world examples organize students' thinking and keep them motivated. After reading this text, students are well equipped to apply these financial models, terms, and equations to decisions that affect both their personal and professional lives.
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
4. The Meaning of 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. Banking and the Management of Financial Institutions
10. Economic Analysis of Financial Regulation
11. Banking Industry: Structure and Competition
12. Financial Crises
PART IV: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY
13. Central Banks and the Federal Reserve System
14. The Money Supply Process
15. Tools of Monetary Policy
16. The Conduct of Monetary Policy: Strategy and Tactics
PART V: INTERNATIONAL FINANCE AND MONETARY POLICY
17. The Foreign Exchange Market
18. The International Financial System
PART VI: MONETARY THEORY
19. Quantity Theory, Inflation, and the Demand for Money
20. The IS Curve
21. The Monetary Policy and Aggregate Demand Curves
22. Aggregate Demand and Supply Analysis
23. Monetary Policy Theory
24. The Role of Expectations in Monetary Policy
25. Transmission Mechanisms of Monetary Policy
ADDITIONAL CHAPTERS IN MYLAB ECONOMICS
1. Financial Crises in Emerging Market Economies
2. Nonbank Finance
3. Financial Derivatives
4. Conflicts of Interest in the Financial Services Industry
