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.
“Essential reading for anyone wanting in-depth knowledge of the way financial systems operate around the world, particularly in Europe.” Dr Sugata Ghosh, Brunel University
“This book is very comprehensive, clear and student friendly.” Sima Motamen-Samadian, University of Westminster
The third edition of The Economics of Money, Banking and Finance is written to meet the needs of students requiring a rigorous grounding in financial economics theory, combined with institutional and policy discussion relevant to the ‘real world’ of contemporary Europe.
Key Features
· Exercises and end-of-chapter questions encourage students to take a genuine interest in financial markets and to develop the skills needed to understand new developments.
· Includes extensive use of up-to-date examples, explains how to use relevant tables from the Financial Times and indicates many sources of information on the Internet.
· Separate chapters deal with the financial systems in the UK, the USA, Germany, France, Italy and the Nordic countries.
· ‘More from the web’ allows students to expand their knowledge and areas of interest.
New to this edition
· Coverage of current issues such as the transparency of monetary policy and the psychological analysis of behaviour in financial markets.
· Strengthened material on banking and monetary economics.
· Increased emphasis on the integration of international financial markets, especially within Europe.
· Redesigned to aid and improve navigation.
Assuming a basic grounding in economic principles, The Economics of Money, Banking and Finance is suitable for a range of one and two semester courses at the undergraduate level and appeals to financial services students as well as students of economics.
Peter Howells is reader in Economics at the University of the West of England, specialising in monetary and financial economics.
Keith Bain is formerly of the University of East London where he specialised in monetary economics and macroeconomic policy.
Hans-Michael Trautwein, Professor of International Economics at the Carl von Ossietzky University of Oldenburg in Germany, and Murray Glickman, Principal Lecturer in the East London Business School, University of East London, have also contributed to this edition.
