Economics of Money, Banking, and Financial Markets

by Mishkin

• ISBN13: 9780321062734
• ISBN10: 0321062736
• Edition: 6th
• Format: Hardcover
• Copyright: 2000-07-01
• Publisher: Pearson College Div

Summary

The Sixth Edition of The Economics of Money, Banking, and Financial Markets represents the most extensive revision to date of this market-leading textbook. Drawing from his service as Executive Vice President and Director of Research at the Federal Reserve Bank of New York, Mishkin provides fresh, thoroughly updated coverage of and many new insights into the monetary policy process, the operation of the Federal Reserve, the regulation and supervision of the financial system, and the internationalization of financial markets. He provides an applications-oriented perspective with numerous applications and special topic boxes that increase students' interest by showing them how to apply theory to the real world. In addition, Mishkin provides a careful, step-by-step development of models, an approach found in the best principles of economic textbooks, that makes it easier for students to learn. Over 400 end-of-chapter problems aid in reinforcing the essential chapter content.

Table of Contents

PART I Introduction	1	(64)
Why Study Money, Banking, and Financial Markets?	3	(17)
An Overview of the Financial System	20	(28)
What Is Money?	48	(17)
PART II Financial Markets	65	(114)
Understanding Interest Rates	67	(25)
The Behavior of Interest Rates	92	(36)
The Risk and Term Structure of Interest Rates	128	(23)
The Foreign Exchange Market	151	(28)
PART III Financial Institutions	179	(186)
An Economic Analysis of Financial Structure	181	(30)
The Banking Firm and the Management of Financial Institutions	211	(37)
Banking Industry: Structure and Competition	248	(31)
Economic Analysis of Banking Regulation	279	(34)
Nonbank Financial Institutions	313	(24)
Financial Derivatives	337	(28)
PART IV Central Banking and the Conduct of Monetary Policy	365	(170)
Structure of Central Banks and the Federal Reserve System	367	(24)
Multiple Deposit Creation and the Money Supply Process	391	(21)
Determinants of the Money Supply	412	(23)
Tools of Monetary Policy	435	(19)
Conduct of Monetary Policy: Goals and Targets	454	(24)
The International Financial System	478	(28)
Monetary Policy Strategy: The International Experience	506	(29)
PART V Monetary Theory	535	(180)
The Demand for Money	537	(26)
The Keynesian Framework and the ISLM Model	563	(26)
Monetary and Fiscal Policy in the ISLM Model	589	(23)
Aggregate Demand and Supply Analysis	612	(22)
Transmission Mechanisms of Monetary Policy: The Evidence	634	(30)
Money and Inflation	664	(27)
Theory of Rational Expectations and Efficient Capital Markets	691	(24)
Rational Expectations: Implications for Policy	715