The Economics of Money, Banking, and Financial Markets
en Limba Engleză Paperback – 31 aug 2009
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.
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Specificații
ISBN-13: 9781408245804
ISBN-10: 1408245809
Dimensiuni: 220 x 254 x 27 mm
Greutate: 1.31 kg
Ediția:Nouă
Editura: Pearson Longman
Locul publicării:Harlow, United Kingdom
ISBN-10: 1408245809
Dimensiuni: 220 x 254 x 27 mm
Greutate: 1.31 kg
Ediția:Nouă
Editura: Pearson Longman
Locul publicării:Harlow, United Kingdom
Cuprins
Part I Introduction
1. Why Study Money, Banking, and Financial Markets?
2. An Overview of the Financial System
3. What Is Money? A Comparative Approach to Measuring 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. Central Banks: A Global Perspective
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: Exchange Rates and Applications
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
1. Why Study Money, Banking, and Financial Markets?
2. An Overview of the Financial System
3. What Is Money? A Comparative Approach to Measuring 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. Central Banks: A Global Perspective
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: Exchange Rates and Applications
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
Notă biografică
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, and from September 2006 to August 2008 was a member (governor) of the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center for Banking Research, and past President of the Eastern Economic Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and University Columbia. He has also received an honorary professorship from the Peoples (Renmin) University of China. From 1994 to 1997 he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System.
Caracteristici noi
- Coverage of the 2008 financial crises:
- A full chapter on financial crises and the subprime debacle (Chapter 9) is added. The topics are then revisited in Chapter 12 with coverage of the economics of financial regulation to prevent crises, and in Chapter 16 through coverage of asset price bubbles.
- New applications and boxes throughout the text reflect on the vast changes to money and banking brought on by the 2008 financial crises.
- The Global Edition includes the following new material:
- Extensively revised coverage of Central Banks with increased coverage of the European Central Bank, the People's Bank of China and the Gulf Cooperation Council
- Updated coverage of the Foreign Exchange Market, exploring global issues such as the Euro's relation to oil prices
- Revised definitions of monetary aggregates comparing the US, Euro Zone and China.
- Changes that reflect the conversion of traditional and investment banks: Chapter 11 from the previous edition, Economic Analysis of Banking Regulation, is significantly revised and renamed Economic Analysis of Financial Regulation to reflect the changes in traditional and investment bank status.
- Streamlined coverage of the money supply: Chapters 13 and 14 from the previous edition are streamlined into a new Chapter 14 titled The Money Supply Process, allowing the simple deposit multiplier discussion to be combined with the money multiplier discussion in one chapter and one lecture.
- New part openers foster discussions of timely issues and help students see how the individual topics of the course fit into the bigger picture. Personal insight from the author provides perspective for debate, and follow-up activities encourage students to apply lessons to the real world.
- Expanded coverage of the Taylor Rule is added to Chapter 16.
- Streamlined coverage of the stock market (Chapter 7), savings and loans (Chapter 12), the role of central banks (Chapter 13), and strategy (Chapter 16).
- The latest data, including the fourth quarter data of 2008, are integrated throughout for the most up-to-date coverage.
- New for MyEconLab®:
- All end-of-chapter problems are now available for assignment in MyEconLab.
- Weekly News updates, now with assignable, auto-graded problems, are provided by James W. Eaton of Bridgewater College to make it easy to keep your course current. New to this edition, assignable questions will be added periodically to MyEconLab’s assessment manager so that instructors can assign auto-graded problems based on the weekly news.
- Animations of figures from the text are now available as learning aids for practice problems so that students have on-demand help when working select problems.
- Platform and browser independence: MyEconLab now runs on both Windows® and Macintosh® platforms and supports Internet Explorer®, Firefox®, and Safari™ without any custom plug-ins.