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Economics of Money, Banking and Financial Markets » (9th Edition)

Book cover image of Economics of Money, Banking and Financial Markets by Frederic S. Mishkin

Authors: Frederic S. Mishkin
ISBN-13: 9780321599797, ISBN-10: 0321599799
Format: Hardcover
Publisher: Addison Wesley
Date Published: July 2009
Edition: 9th Edition

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Author Biography: Frederic S. Mishkin

Book Synopsis

What's new about Mishkin's The Economics of Money, Banking, and Financial Markets, Fifth Edition? Substantially revised, expanded coverage of key topics, including central banking and the conduct of monetary policy, with new, high-interest "Inside the Fed" boxes; money and economic activity, focusing on the transmission mechanisms of monetary policy and featuring in-depth discussion of the credit view; theory of rational expectations and efficient capital markets; new trends in banking regulation and supervision; all-new chapter on financial derivatives - forwards, futures, swaps, and options; complete integration of international topics in the text narrative, as well as the revision of key chapters for an enhanced international focus; increased applications orientation throughout, including more than fifty applications woven into the text; streamlined organization for a smoother topical flow; and new full-color PowerPoint electronic transparencies to support your lectures, featuring all the book's figures and tables plus the Lecture Notes from the Instructor's Resource Manual.

Table of Contents

Pt. IIntroduction1
1Why Study Money, Banking, and Financial Markets?3
2An Overview of the Financial System20
3What is Money?48
Pt. IIFinancial Markets67
4Understanding Interest Rates69
5Portfolio Choice94
6The Behavior of Interest Rates104
7The Risk and Term Structure of Interest Rates143
8The Foreign Exchange Market165
Pt. IIIFinancial Institutions193
9Economic Analysis of Banking Structure195
10The Banking Firm and the Management of Financial Institutions226
11Banking Industry: Structure and Competition264
12Economic Analysis of Banking Regulation296
13Nonbank Financial Institutions332
14Financial Derivatives354
Pt. IVCentral Banking and the Conduct of Monetary Policy387
15Structure of Central Banks and the Federal Reserve System389
16Multiple Deposit Creation and the Money Supply Process414
17Determinants on the Money Supply435
18Tools of Monetary Policy458
19Conduct of Monetary Policy: Goals and Targets474
20International Financial System502
Pt. VMonetary Theory527
21The Demand for Money529
22The Keynesian Framework and the ISLM Model555
23Monetary and Fiscal Policy in the ISLM Model580
24Aggregate Demand and Supply Analysis603
25Transmission Mechanisms of Monetary Policy: Evidence629
26Money and Inflation659
27Theory of Rational Expectations and Efficient Capital Markets686
28Rational Expectations: Implications for Policy710

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