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 today’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 12th Edition provides a unifying, analytic framework for learning that fits a wide variety of syllabi. Core economic principles and real-world examples organize students' thinking and keeps them motivated.  Also available with MyLab Economics By combining trusted authors’ content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student.  Note: You are purchasing a standalone product; MyLab Economics does not come packaged with this content. Students, if interested in purchasing this title with MyLab, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyLab Economics, search for: 0134855388 / 9780134855387 Economics of Money, Banking and Financial Markets Plus MyLab Economics with Pearson eText -- Access Card Package, 12/e  Package consists of: 0134733827 / 9780134733821 Economics of Money, Banking and Financial Markets 0134734688 / 9780134734682 MyLab Economics with Pearson eText -- Access Card -- for The Economics of Money, Banking and Financial Markets
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PART I: INTRODUCTION 1 1. Why Study Money, Banking, and Financial Markets? 2. An Overview of the Financial System 3. What Is Money?       PART II: FINANCIAL MARKETS 4. The Meaning of Interest Rates 5. The Behavior of Interest Rates 6. The Risk and Term Structure of Interest Rates 7. The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis    PART III: FINANCIAL INSTITUTIONS  8. An Economic Analysis of Financial Structure 9. Banking and the Management of Financial Institutions 10. Economic Analysis of Financial Regulation 11. Banking Industry: Structure and Competition 12. Financial Crises PART IV: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY   13. Central Banks and the Federal Reserve System 14. The Money Supply Process 15. Tools of Monetary Policy 16. The Conduct of Monetary Policy: Strategy and Tactics PART V: INTERNATIONAL FINANCE AND MONETARY POLICY  17. The Foreign Exchange Market 18. The International Financial System PART VI: MONETARY THEORY  19. Quantity Theory, Inflation, and the Demand for Money 20. The IS Curve 21. The Monetary Policy and Aggregate Demand Curves 22. Aggregate Demand and Supply Analysis 23. Monetary Policy Theory 24. The Role of Expectations in Monetary Policy 25. Transmission Mechanisms of Monetary Policy CHAPTERS ON THE WEB  1. Financial Crises in Emerging Market Economies 2. The ISLM Model 3. Nonbank Finance 4. Financial Derivatives 5. Conflicts of Interest in the Financial Services Industry
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The Economics of Money, Banking and Financial Markets, 12th Edition is also available via Revel™, an interactive learning environment that enables students to read, practice, and study in one continuous experience. Learn more about Revel. Enliven students’ study of money, banking, and financial markets Chapter 1 teaches students about career opportunities available beyond Wall Street or in a bank. Chapter 4 illustrates negative interest rates in countries like Japan, the United States, and Europe. Chapter 5 shows how the supply and demand model explains current interest rate movements. Chapter 12 discusses current debates in Congress on financial regulation, and post Dodd-Frank. Chapter 17 highlights an application on Burgernomics, Big Macs, and Purchasing Power Parity, as a fun way of showing students how purchasing power parity works in practice. Global Box in Chapter 18 helps students interpret claims made about the large US current account deficit in both the media and in Congress. Check out the preface for a complete list of features and what's new in this edition. 
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Produktdetaljer

ISBN
9780134733821
Publisert
2018-01-10
Utgave
12. utgave
Utgiver
Vendor
Pearson
Vekt
1290 gr
Høyde
259 mm
Bredde
201 mm
Dybde
30 mm
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
720

Biografisk notat

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, co-director of the US Monetary Policy Forum, a member of the Squam Lake Working Group on Financial Reform, and past president of the Eastern Economics Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia. He has also received an honorary professorship from the People’s (Renmin) University of China. From 1994 to 1997, he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System. From September 2006 to August 2008, he was a member (governor) of the Board of Governors of the Federal Reserve System. Professor Mishkin’s research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than twenty books, including Macroeconomics: Policy and Practice, Second Edition (Pearson, 2015); Financial Markets and Institutions, Ninth Edition (Pearson, 2018); Monetary Policy Strategy (MIT Press, 2007); The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich (Princeton University Press, 2006); Inflation Targeting: Lessons from the International Experience (Princeton University Press, 1999); Money, Interest Rates, and Inflation (Edward Elgar, 1993); and A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient Markets Models (University of Chicago Press, 1983). In addition, he has published more than 200 articles in such journals as American Economic Review, Journal of Political Economy, Econometrica, Quarterly Journal of Economics, Journal of Finance, and Journal of Monetary Economics. Professor Mishkin has served on the editorial board of American Economic Review and has been an associate editor at Journal of Business and Economic Statistics, the Journal of Applied Econometrics, Journal of Economic Perspectives, Journal of International Money and Finance, and Journal of Money, Credit and Banking; he also served as the editor of the Federal Reserve Bank of New York’s Economic Policy Review. He is currently an associate editor (member of the editorial board) at six academic journals, including International Finance; Finance India; Review of Development Finance; Borsa Economic Review; PSU Research Review and Emerging Markets, Finance and Trade. He has been a consultant to the Board of Governors of the Federal Reserve System, the World Bank, and the International Monetary Fund, as well as to many central banks throughout the world. He was also a member of the International Advisory Board to the Financial Supervisory Service of South Korea and an advisor to the Institute for Monetary and Economic Research at the Bank of Korea. Professor Mishkin was a Senior Fellow at the Federal Deposit Insurance Corporation’s Center for Banking Research and was an academic consultant to and serves on the Economic Advisory Panel and Monetary Advisory Panel of the Federal Reserve Bank of New York.