The Economics of Money, Banking, and Financial Markets

The Economics of Money, Banking, and Financial Markets Description

The Economics of Money, Banking, and Financial Markets offers a novel viewpoint on the key issues affecting financial policy today. Frederic Mishkin provides you with a distinct perspective and well-informed insight into the monetary policy process, the regulation and supervision of the financial system, and the internationalization of financial markets, all of which have been influenced by his time serving as Governor of the Federal Reserve.

The Eleventh Edition, which continues to set the benchmark for money and banking courses, offers a unified, analytical framework for learning that is adaptable to a wide range of syllabi. While current, real-world examples keep students interested and motivated, fundamental economic principles help to structure their thinking.

Here’s what you will learn in this course:

PART I Introduction

• Chapter 1 Why Study Money, Banking, and Financial Markets?
• Chapter 2 An Overview of the Financial System
• Chapter 3 What is Money?

PART II Financial Markets

• Chapter 4 Understanding Interest Rates
• Chapter 5 The Behaviour of Interest Rates
• Chapter 6 The Risk and Term Structure of Interest Rates
• Chapter 7 The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis

PART III Financial Institutions

• Chapter 8 An Economic Analysis of Financial Structure
• Chapter 9 Financial Crises and the Subprime Meltdown
• Chapter 10 Economic Analysis of Financial Regulation
• Chapter 11 Banking Industry: Structure and Competition
• Chapter 12 Nonbank Financial Institutions

PART IV The Management of Financial Institutions

• Chapter 13 Banking and the Management of Financial Institutions
• Chapter 14 Risk Management with Financial Derivatives

PART V Central Banking and the Conduct of Monetary Policy

• Chapter 15 Central Banks and the Bank of Canada
• Chapter 16 The Money Supply Process
• Chapter 17 Tools of Monetary Policy
• Chapter 18 The Conduct of Monetary Policy: Strategy, and Tactics

PART VI International Finance and Monetary Policy

• Chapter 19 The Foreign Exchange Market
• Chapter 20 The International Financial System

PART VII Monetary Theory

• Chapter 21 The Demand for Money
• Chapter 22 The ISLM Model
• Chapter 23 Monetary and Fiscal Policy in the ISLM Model
• Chapter 24 Aggregate Demand and Supply Analysis
• Chapter 25 Transmission Mechanisms of Monetary Policy: The Evidence
• Chapter 26 Money and Inflation
• Chapter 27 Rational Expectations: Implications for Policy