Economics of Money, Banking, and Financial Markets, The, Canadian Edition, 8th edition

Published by Pearson Canada (April 15, 2022) © 2023

  • Frederic S Mishkin Columbia University
  • Apostolos Serletis University of Calgary
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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. This resource 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.

  1. Why Study Money, Banking, and Financial Markets?
  2. An Overview of the Financial System
  3. What Is Money?
  4. The Meaning of Interest Rates
  5. The Behaviour 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
  8. An Economic Analysis of Financial Structure
  9. Economic Analysis of Financial Regulation
  10. Banking Industry: Structure and Competition
  11. Financial Crises
  12. Banking and the Management of Financial Institutions
  13. Risk Management with Derivatives
  14. Central Banks and the Bank of Canada
  15. The Money Supply Process
  16. Tools of Monetary Policy
  17. The Conduct of Monetary Policy: Strategy and Tactics
  18. The Foreign Exchange Market
  19. The International Financial System
  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

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