MONEY, BANKING AND FINANCIAL MARKETS is an upper-level undergraduate text that was written with the idea that the money and banking course should be the most interesting and timely course in an economics curriculum. It provides in-depth coverage of the fundamental topics, principles and issues found in a money and banking course: the nature and functions of money, financial institutions and markets, and banking structure and regulation. The nature and structure of the Federal Reserve System is thoroughly covered in this new text, along with instruments of central bank policy, determinants of the level and term structure of interest rates, stock prices, foreign exchange rates, and the nation's money supply. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Focusing on modern analytical perspectives, this text features both domestic and international coverage. The book gives a treatment of traditional topics, reflecting changes in the banking and financial industries, international impact, and the current regulatory environment.
Brandl's MONEY, BANKING, FINANCIAL MARKETS AND INSTITUTIONS brings key financial concepts to life in a clear, concise manner. You clearly see links between the study of macroeconomics and money and banking as you examine financial entities in detail, using the recent economic crisis as a backdrop. This unique, inviting book reads almost as a conversation that prepares and encourages you to discuss and debate these important concepts with friends, colleagues and future employers. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Written by James Fackler of the University of Kentucky, the Study Guide contains a wealth of review and tutorial resources, including multiple choice questions, detailed descriptions of key chapter topics and terminology, review essays, and problems. Written with an easy, friendly tone, this Guide is a must for students.
Praise for Financial Markets, Banking, and MonetaryPolicy “A lucid treatment that takes on board shadow-banking,Dodd-Frank, the zero lower bound, and forward guidance. In short,all the key post-crisis issues.” —Anil Kashyap, Edward Eagle Brown Professor of Economicsand Finance, University of Chicago “The financial sector is a vital component of the USeconomic machinery. The Federal Reserve works within this sector topromote its congressional mandates of maximum employment and lowinflation. Unfortunately, the contribution of the financial systemto the economy’s performance is not well understood. Studentsof standard college courses on money, banking, and monetary policyoften find that the textbooks have not kept pace with the evolutionof the financial sector, including the rise of securitized financeand the Federal Reserve’s evolving monetary operations. TomSimpson’s book represents a huge step forward in this regard.His comprehensive exposition of the essential parts of thefinancial system and modern explanation of how the Federal Reservesupports the economy gives readers a much better understanding ofthe US financial system and the Federal Reserve.” —James Glassman, Managing Director and Head Economist forthe Commercial Bank, JPMorgan Chase & Co. “Financial Markets, Banking, and Monetary Policy byTom Simpson provides a comprehensive introduction to the financialsystem, including the markets, institutions, and mechanisms offinance, as well as the role of the Federal Reserve and monetarypolicy. The economic principles underlying finance are woventhrough the chapters, and the book includes an insightfulintroduction into the causes of and responses to the recentfinancial crisis. Tom Simpson has had a front-row seat on financialdevelopments in recent decades and has written a book that providesan ideal introduction to the financial system and monetarypolicy.” —Dan Sichel, Professor of Economics, Wellesley College
Well-known for its engaging, conversational style, this text makes sophisticated concepts accessible, introducing students to how markets and institutions shape the global financial system and economic policy. Principles of Money, Banking, & Financial Markets incorporates current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. T he Basics: Introducing Money, Banking, and Financial Markets; The Role of Money in the Macroeconomy; Financial Instruments, Markets, and Institutions. Financial Instruments and Markets: Interest Rate Measurement and Behavior; The Term and Risk Structure of Interest Rates; The Structure and Performance of Securities Markets; The Pricing of Risky Financial Assets; Money and Capital Markets; Demystifying Derivatives; Understanding Foreign Exchange. Banks and Other Intermediaries: The Nature of Financial Intermediation; Depository Financial Institutions; Nondepository Financial Institutions. Financial System Architecture: Understanding Financial Contracts; The Regulation of Markets and Institutions; Financial System Design. The Art of Central Banking: Who's In Charge Here?; Bank Reserves and the Money Supply; The Instruments of Central Banking; Understanding Movements in Bank Reserves; Monetary Policy Strategy. Monetary Theory: The Classical Foundations; The Keynesian Framework; The ISLM World; Money and Economic Stability in the ISLM World; An Aggregate Supply and Demand Perspective on Money and Economic Stability; Rational Expectations: Theory and Policy Implications; Empirical Evidence on the Effectiveness of Monetary Policy. Grand Finale: Tying It All Together. For all readers interested in money, banking, and financial markets.
Taking a modern approach to money and banking, this text uses core microeconomic and macroeconomic concepts to explain the structure and behaviour of banks. A microeconomic perspective focuses on the bank as a firm, inviting students to view the behaviour of banks through, for example, the prism of supply-and-demand analysis and the economics of information and game theory. Integrated international coverage aims to foster students' appreciation of the global dimensions of money and banking.