Product Description

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.

Product Details

• Amazon Sales Rank: #15098 in Books
• Published on: 2006-07-27
• Original language: English
• Number of items: 1
• Binding: Hardcover

Review
"[A] phantasmagoric masterpiece . . . The book left me breathless with admiration."
--BRIAN STABLEFORD
"China Mieville's cool style has conjured up a triumphantly macabre technoslip metropolis with a unique atmosphere of horror and fascination."
--PETER HAMILTON
"It is the best steampunk novel since Gibson and Sterling's."
--JOHN CLUTE

"From the Trade Paperback edition.

Customer Reviews

Pretty good book for intermediate level
Design:
The book is designed well with appropriate headings and sub-headings making it smooth to read and navigate. The language used is also well understood.

Content:
This book introduces the various financial markets: bond, stock, foreign exchange and a brief discussion on derivatives. It gives a general idea and analysis behind the operating mechanisms of monetary policies, paving the way for further studies into the topics.

Its main focus is on the U.S. economy, and includes applications in the European Union and Asia as well. Small sections are devoted to real world applications, with reference to the concepts taught.

For who:
On the other hand, this book remains an introduction to monetary economies and is not for students seeking detailed analysis. Students should also have a basic background on economics in order to utilize the text to the fullest.

Very good treatment of the role of money
The author is very good in leading the reader through how money and its avaliability play an important role in determining the economy of any country.
The banking industry and its role are covered as well - starting from a historical perspective to the present day. Our class was doing a chapter on the various reforms in the banking industry when the Enron-Anderson scandal happened. We had some very though-provoking discussions in the class based on the material in the text.
While I am not a complete stranger to economics, I took home a lot of valuable information by the time I was done with this course and this text book. I only wish the publishers had included a CD ROM of real-world exercises / problems that stimulate thought on issues to consider when determining monetary policy.

Perfect Introductory Book for Money and Bank Theory
Perfect for an introductory course in Banking and Monetary Theory. Requires a preview of basic economics to really get the most benefits. Undergraduate students would surely appreciate it.