EBOOK - The Economics of Money, Banking, and Financial Markets - TWELFTH EDITION (Frederic S. Mishkin)

 


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 eleven editions. As with past editions this twelfth edition uses basic economic principles to explain financial markets, financial institutions, and monetary policy with rigor and clarity. With each edition, I update content and features based on market feedback from economics professors and students using the book as well as the latest world financial episodes. For the past several editions, the digital assets for this book, which are available on MyLab Economics, have evolved and expanded.



CONTENTS:




PART1 Introduction 51

1 Why Study Money, Banking, and Financial Markets? .................................................52

2 An Overview of the Financial System ..............................................................................72

3 What Is Money? ....................................................................................................................99

PART2 Financial Markets 113

4 The Meaning of Interest Rates ........................................................................................114

5 The Behavior of Interest Rates ........................................................................................136

6 The Risk and Term Structure of Interest Rates ............................................................167

7 The Stock Market, the Theory of Rational Expectations, and the

Efficient Market Hypothesis .............................................................................................191

PART 3 Financial Institutions 213

8 An Economic Analysis of Financial Structure ..............................................................214

9 Banking and the Management of Financial Institutions ..........................................238

10 Economic Analysis of Financial Regulation .................................................................267

11 Banking Industry: Structure and Competition ............................................................286

12 Financial Crises in Advanced Economies .....................................................................318

13 Financial Crises in Emerging Economies ......................................................................346

PART 4 Central Banking and the Conduct of Monetary Policy 369

14 Central Banks .......................................................................................................................370

15 The Money Supply Process ..............................................................................................388

16 Tools of Monetary Policy ..................................................................................................413

17 The Conduct of Monetary Policy: Strategy and Tactics ............................................439

PART 5 International Finance and Monetary Policy 473

18 The Foreign Exchange Market .........................................................................................474

19 The International Financial System................................................................................502

PART 6 Monetary Theory 531

20 Quantity Theory, Inflation, and the Demand for Money.........................................532

21 The ISCurve .........................................................................................................................550

22 The Monetary Policy and Aggregate Demand Curves .............................................570

23 Aggregate Demand and Supply Analysis .....................................................................585

24 Monetary Policy Theory....................................................................................................629

25 The Role of Expectations in Monetary Policy .............................................................658

26 Transmission Mechanisms of Monetary Policy ..........................................................678

Brief Contents

10 Brief Contents

Additional Chapters on MyLab Economics

1 The ISLMModel

2 Nonbank Finance

3 Financial Derivatives

4 Conflicts of Interest in the Financial Services Industry




 


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 eleven editions. As with past editions this twelfth edition uses basic economic principles to explain financial markets, financial institutions, and monetary policy with rigor and clarity. With each edition, I update content and features based on market feedback from economics professors and students using the book as well as the latest world financial episodes. For the past several editions, the digital assets for this book, which are available on MyLab Economics, have evolved and expanded.



CONTENTS:




PART1 Introduction 51

1 Why Study Money, Banking, and Financial Markets? .................................................52

2 An Overview of the Financial System ..............................................................................72

3 What Is Money? ....................................................................................................................99

PART2 Financial Markets 113

4 The Meaning of Interest Rates ........................................................................................114

5 The Behavior of Interest Rates ........................................................................................136

6 The Risk and Term Structure of Interest Rates ............................................................167

7 The Stock Market, the Theory of Rational Expectations, and the

Efficient Market Hypothesis .............................................................................................191

PART 3 Financial Institutions 213

8 An Economic Analysis of Financial Structure ..............................................................214

9 Banking and the Management of Financial Institutions ..........................................238

10 Economic Analysis of Financial Regulation .................................................................267

11 Banking Industry: Structure and Competition ............................................................286

12 Financial Crises in Advanced Economies .....................................................................318

13 Financial Crises in Emerging Economies ......................................................................346

PART 4 Central Banking and the Conduct of Monetary Policy 369

14 Central Banks .......................................................................................................................370

15 The Money Supply Process ..............................................................................................388

16 Tools of Monetary Policy ..................................................................................................413

17 The Conduct of Monetary Policy: Strategy and Tactics ............................................439

PART 5 International Finance and Monetary Policy 473

18 The Foreign Exchange Market .........................................................................................474

19 The International Financial System................................................................................502

PART 6 Monetary Theory 531

20 Quantity Theory, Inflation, and the Demand for Money.........................................532

21 The ISCurve .........................................................................................................................550

22 The Monetary Policy and Aggregate Demand Curves .............................................570

23 Aggregate Demand and Supply Analysis .....................................................................585

24 Monetary Policy Theory....................................................................................................629

25 The Role of Expectations in Monetary Policy .............................................................658

26 Transmission Mechanisms of Monetary Policy ..........................................................678

Brief Contents

10 Brief Contents

Additional Chapters on MyLab Economics

1 The ISLMModel

2 Nonbank Finance

3 Financial Derivatives

4 Conflicts of Interest in the Financial Services Industry




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