Summary: This text comes packaged with an access kit for the new easy-to-use format of MyEconLab, which requires no set-up by the professor. With this, students can access practice problems for each chapter in the book, graphing questions, learning resources, and live tutoring. Professors who plan to use advanced course management online should order the book with MyEconLab in CourseCompass. View 'Alternate Versions' of this book on the web catalog page, or contact your local re...show morepresentative for details.
Economics of Money, Banking, and Financial Markets heralded a dramatic shift in the teaching of the money and banking course in its first edition, and today it is still setting the standard. By applying an analytical framework to the patient, stepped-out development of models, Frederic Mishkin draws students into a deeper understanding of modern monetary theory, banking, and policy. His landmark combination of common sense applications with current, real-world events provides authoritative, comprehensive coverage in an informal tone students appreciate. Mishkin's previous post as Executive Vice President and Director of Research at the Federal Reserve Bank of New York lends an insiders-view that helps to demystify this key institution for students.
New To This Edition
New material on financial markets and institutions. Discussion of the yield curve as a forecasting tool for inflation and the business cycle in Chapter 5, The Behavior of Interest Rates, and a new section on the new field of behavioral finance, which applies concepts from other social sciences like anthropology, sociology, and particularly, psychology to understand the behavior of securities prices in Chapter 7, The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis.
New coverage of Conflict of Interest. Conflicts of Interest are a growing concern for all those who work and interact with financial institutions. To address this concern a new section, 'Conflicts of Interest' has been added to Chapter 8, An Economic Analysis of Financial Structure. In addition, new Conflicts of Interest boxes, added throughout the text, prompt students to consider the impact and implications of possible conflicts of interest.
Enhanced Coverage of the European Central Bank. Because of the growing interest in the ECB which now conducts monetary policy for a population that exceeds that in the United States, coverage of the structure and independence of the ECB as been added to Chapter 12; monetary policy tools of the ECB has been added to Chapter 15; and a discussion of the ECB's monetary policy strategy has been added to Chapter 16.
Simplified Discussion of Foreign Exchange. Chapter 17, The Foreign Exchange Market, now describes how exchange rates are determined using a supply and demand framework based on an asset market approach--a framework students find far easier to grasp than the current interest parity model.
Increased Coverage of China. The growing importance of China in the world economy is reflected in the text with the addition of several discussions, including whether the example of China is an argument against the importance of financial development in Chapter 8, the problems in the Chinese banking industry in Chapter 11, and how China has become one of the largest holders of US Treasury securities in Chapter 18.
New Material on Monetary Theory and Policy. Drawing on his continued involvement with central banks, Mishkin has added current monetary theory and policy discussions, including a new section discussing whether price stability should be the primary goal of monetary policy and whether hierarchical or dual mandates are better for central banks in Chapter 12, an examination of the declining importance of reserve requirements in the money supply process in Chapter 14, and an application of the impact of negative demand shocks on the US economy from 2001 to 2004 in Chapter 22.
Improved Exposition and Organization. Responding to comments from reviewers, several key changes have been made, including a simplified discussion of the supply and demand for bonds in Chapters 5 and 6 and a reorganization of the old Chapters 18, Conduct of Monetary Policy, and 21, Monetary Policy: The International Experience, into one new Chapter 16, What Should Central Banks Do? What Should Central Banks Do? Monetary Policy Goals, Strategy and Tactics, which is logically more coherent and more relevant to students.
Graphing Help for Students. Help with graphs comes in the form of links to MyEconLab, where students will find animated graphs and three types of online graphing exercises that offer unlimited, supported practice. Time spent with Model-based, Data, and Draw graphs helps students become more comfortable in this essential skill, and MyEconLab grades every graph--even the ones they draw.
Edition/Copyright:8TH 07 Cover: Hardback Publisher:Addison-Wesley Longman, Inc. Published: 07/29/2006 International: No
View Table of Contents
Part I Introduction
1. Why Study Money, Banking, and Financial Markets? 2. An Overview of the Financial System 3. What Is Money?
Part II Financial Markets
4. Understanding 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. Banking Industry: Structure and Competition 11. Economic Analysis of Banking Regulation
Part IV Central Banking and the Conduct of Monetary Policy
12. Structure of Central Banks and the Federal Reserve System 13. Multiple Deposit Creation and the Money Supply Process 14. Determinants of the Money Supply 15. Tools of Monetary Policy 16. What Should Central Banks Do? Monetary Policy Goals, Strategy and Tactics
Part V International Finance and Monetary Policy
17. The Foreign Exchange Market 18. The International Financial System
Part VI Monetary Policy
19. The Demand for Money 20. The ISLM Model 21. Monetary and Fiscal Policy in the ISLM Model 22. Aggregate Demand and Supply Analysis 23. Transmission Mechanisms of Monetary Policy: The Evidence 24. Money and Inflation 25. Rational Expectations: Implications for Policy
Boston, MA 2007 Hardcover 8th Edition New Condition Brand New, never used. Includes 2 items...Text Book ISBN 032141505 and Sealed Seize the grade 6 Month Student Access kit ISBN 0321449142...Two Bra...show morend new items one low price. Multiple copies available this title. Quantity Available: 2. Category: Economics; ISBN: 0321415051. ISBN/EAN: 9780321415059. Inventory No: 1560780761. ...show less
Free Shipping Get Free Shipping on orders over $25 (not including Rental and Marketplace). Order arrives in 5-10 business days.
Need it faster? We offer fast, flat-rate expedited shipping options.
Not the right book for you? We'll gladly take it back within 30 days.
To return an eTextbook:
Your eTextbook is non-returnable once it's been activated. You must contact us about returning your eTextbook before you activate it.
Returns are accepted within 30 days of the purchase date on your order confirmation.
This book qualifies for guaranteed cash back! Buy it now for , then:
Sell it back by:
Guaranteed cash back:
Cost of this book after cash back:
Take advantage of Guaranteed Cash Back. Send your book to us in good condition before the end of the buyback period, we'll send YOU a check, and you'll pay less for your textbooks!
If you find this book for less on Amazon.com (direct from Amazon, not marketplace sellers), we'll match it.
In our warehouse, waiting to ship directly to you.
We hand-inspect every used textbook to make sure it's in good condition.
Buy it now. Sell it later!
Sell this textbook for cash!
When you're done with this book, sell it back to Textbooks.com. In addition to the best possible buyback price, you'll get an extra 10% cash back just for being a customer.
We buy good-condition used textbooks year 'round, 24/7. No matter where you bought it, Textbooks.com will buy your textbooks for the most cash.
We hand-inspect every one of our used textbooks to ensure good condition.
Our used textbooks do NOT have:
Missing or torn pages
Missing or torn cover
Torn or damaged binding
A broken spine
This textbook has never been used.
Due to the size of eTextbooks, a high-speed internet connection (cable modem, DSL, LAN) is required for download stability and speed. Your connection can be wired or wireless.
Being online is not required for reading an eTextbook after successfully downloading it. You must only be connected to the Internet duringthe download process.
Windows XP, Windows Vista or Mac OS X 10.3 or above
At least 280 MB RAM, a 600 mHZ processor and 110 MB of hard drive space
1024x768 (or larger) screen resolution
What is the Marketplace? It's another way for you to get the right price on the books you need. We approved every Marketplace vendor to sell their books on Textbooks.com, so you know they're all reliable.
What are Marketplace shipping options? Marketplace items do not qualify for free shipping. When ordering from the Marketplace, please specify whether you want the seller to send your book Standard ($3.99/item) or Express ($6.99/item). To get free shipping over $25, just order directly from Textbooks.com instead of through the Marketplace.
FREE UPS 2nd Day Air Terms
Rental and Marketplace items are excluded. Offer is valid from 1/21/2013 12:00PM to 1/23/2013 11:59AM CST. Your order must be placed by 12 Noon CST to be processed on the same day. Minimum order value is $100.00 excluding Rental and Marketplace items. To redeem this offer, select "FREE UPS 2ND DAY AIR" at checkout. Offer not is not valid on previous orders.