The Economics of Money, Banking, and Financial Markets, Business School Edition plus MyEconLab 1-semester Student Access Kit

by Mishkin, Frederic S.

• ISBN13: 9780321598912
• ISBN10: 0321598911
• Edition: 2nd
• Format: Package
• Copyright: 2010-01-01
• Publisher: Prentice Hall
• More Book Details
• Purchase Benefits

Summary

The Economics of Money, Banking, and Financial Marketsset 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 todayrs"s readers. For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, theBusiness School Editionis the ideal alternative. Introduction:Why Study Money, Banking, and Financial Markets?; An Overview of the Financial System; What Is Money?Financial Markets: Understanding Interest Rates; The Behavior of Interest Rates; The Risk and Term Structure of Interest Rates; The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis.Financial Institutions: An Economic Analysis of Financial Structure; Financial Crises and the Subprime Debacle; Banking and the Management of Financial Institutions; Economic Analysis of Financial Regulation; Banking Industry: Structure and Competition; Nonbank Finance; Financial Derivatives; Conflicts of Interest in the Financial Industry.Central Banking and the Conduct of Monetary Policy: Structure of Central Banks and the Federal Reserve System; The Money Supply Process; Tools of Monetary Policy; What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics.International Finance and Monetary Policy:The Foreign Exchange Market; The International Financial System.Monetary Policy: The Demand for Money; Aggregate Demand and Supply Analysis; Transmission Mechanisms of Monetary Policy: The Evidence; Money and Inflation. For all readers interested in money, banking, and financial markets.

Table of Contents

Introduction

Why Study Money, Banking, and Financial Markets?

An Overview of the Financial System

What Is Money?

Financial Markets

Understanding Interest Rates

The Behavior of Interest Rates

The Risk and Term Structure of Interest Rates

The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis

Financial Institutions

An Economic Analysis of Financial Structure

Financial Crises and the Subprime Debacle

Banking and the Management of Financial Institutions

Economic Analysis of Financial Regulation

Banking Industry: Structure and Competition

Nonbank Finance

Financial Derivatives

Conflicts of Interest in the Financial Industry

Central Banking and the Conduct of Monetary Policy

Structure of Central Banks and the Federal Reserve System

The Money Supply Process

Tools of Monetary Policy

What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics

International Finance and Monetary Policy

The Foreign Exchange Market

The International Financial System

Monetary Policy

The Demand for Money

Aggregate Demand and Supply Analysis

Transmission Mechanisms of Monetary Policy: The Evidence

Money and Inflation

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