Economics of Money, Banking and Financial Markets, The, Global Edition, 13th edition

Published by Pearson (29 July 2024) © 2024

  • Frederic S Mishkin Columbia University
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  • Instant access once purchased
  • Offline access via app

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  • Learn with videos and interactives*
  • Highlight-to-translate in 100+ languages
  • Practice with quizzes and flashcards
  • AI-powered study support*

*Available for some titles

Products list

Access details

  • Instant access once purchased
  • Offline access via app

Features

  • Learn with videos and interactives*
  • Highlight-to-translate in 100+ languages
  • Practice with quizzes and flashcards
  • AI-powered study support*

*Available for some titles

Title overview

Money, banking, and financial markets influence everything from borrowing costs and investment decisions to economic growth and financial stability. The Economics of Money, Banking and Financial Markets, Global Edition explores how financial systems operate and why they matter, helping you understand the institutions, markets, and policies that shape modern economies. Drawing on Frederic S. Mishkin's experience as a former Governor of the Federal Reserve, the content connects economic theory with real policy challenges and global financial developments. Through contemporary examples and practical applications, you'll gain insight into the forces driving financial decision-making and economic outcomes.

Develop the analytical skills needed to evaluate financial markets, interpret monetary policy decisions, and understand the role of financial institutions in the wider economy. You'll build a strong foundation in topics such as interest rates, banking, financial regulation, financial crises, foreign exchange markets, inflation, and monetary policy. Real-world applications help you connect economic principles to current events, including the economic effects of the coronavirus pandemic, quantitative easing, and developments in global financial systems. By strengthening your understanding of financial decision-making and policy frameworks, you'll be better equipped to assess economic issues in academic, professional, and everyday contexts.

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Table of 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 in Advanced Economies
  • 13. Financial Crises in Emerging Market Economies
  • PART IV: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY
  • 14. Central Banks
  • 15. The Money Supply Process
  • 16. Tools of Monetary Policy
  • 17. The Conduct of Monetary Policy: Strategy and Tactics
  • PART V: INTERNATIONAL FINANCE AND MONETARY POLICY
  • 18. The Foreign Exchange Market
  • 19. The International Financial System
  • PART VI: MONETARY THEORY
  • 20. Quantity Theory, Inflation, and the Demand for Money
  • 21. The IS Curve
  • 22. The Monetary Policy and Aggregate Demand Curves
  • 23. Aggregate Demand and Supply Analysis
  • 24. Monetary Policy Theory
  • 25. The Role of Expectations in Monetary Policy
  • 26. Transmission Mechanisms of Monetary Policy
  • ADDITIONAL CHAPTERS IN MYLAB ECONOMICS
  • 1. Nonbank Finance
  • 2. Financial Derivatives
  • 3. Conflicts of Interest in the Financial Services Industry

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