The economics of money, banking & financial markets, 10th ed.(and the 3rd ed. of the business ed.)

Abstract

Although this text has undergone a major revision, it retains the basic hallmarks that have made it the best-selling textbook on money and banking over the past nine editions: • A unifying, analytic framework that uses a few basic economic principles to organize students’ thinking about the structure of financial markets, the foreign exchange markets, financial institution management, and the role of monetary policy in the economy • A careful, step-by-step development of models (an approach found in the best principles of economics textbooks), which makes it easier for students to learn • The complete integration of an international perspective throughout the text • A thoroughly up-to-date treatment of the latest developments in monetary theory • A special feature called “Following the Financial News” to encourage reading of a financial newspaper • An applications-oriented perspective with numerous applications and special-topic boxes that increase students’ interest by showing them how to apply theory to realworld examples.