Economics of Money, Banking and Financial Markets, The, Global Edition

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.
For courses in money and banking, or general economics.
A unified framework for understanding financial markets
The Economics of Money, Banking and Financial Markets brings a fresh perspective to todayGÇ Ö 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. The 13th Edition 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.
MyLab-« Economics is not included. Students, if Pearson Pearson MyLab Economics is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN. Pearson Pearson MyLab Economics should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.

Brief 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

The Meaning of 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

PART III: Financial Institutions

An Economic Analysis of Financial Structure

Banking and the Management of Financial Institutions

Economic Analysis of Financial Regulation

Banking Industry: Structure and Competition

Financial Crises in Advanced Economies

Financial Crises in Emerging Market Economies

PART IV: Central Banking And The Conduct Of Monetary Policy

Central Banks

The Money Supply Process

Tools of Monetary Policy

The Conduct of Monetary Policy: Strategy and Tactics

PART V: International Finance and Monetary Policy

The Foreign Exchange Market

The International Financial System

PART VI: Monetary Theory

Quantity Theory, Inflation, and the Demand for Money

The IS Curve

The Monetary Policy and Aggregate Demand Curves

Aggregate Demand and Supply Analysis

Monetary Policy Theory

The Role of Expectations in Monetary Policy

Transmission Mechanisms of Monetary Policy

Additional Chapters in Pearson Pearson Mylab Economics

1. Nonbank Finance
2. Financial Derivatives
3. Conflicts of Interest in the Financial Services Industry