Economics of Money, Banking and Financial Markets

10e édition 2012

Frederic Mishkin

Cet ouvrage est également disponible en français

The Economics of Money, Banking, and Financial Markets set the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader.

The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today's students.

By applying a unified analytical framework to the models, Mishkin makes theory intuitive for students, and the rich array of current, real-world events keeps students motivated. Authoritative, comprehensive, and flexible, the text is easy to integrate into a wide variety of syllabi, and its ancillaries provide complete support when teaching the course.

Sommaire

I Introduction
01. Why Study Money, Banking, and Financial Markets?
02. An Overview of the Financial System
03. What Is Money? A Comparative Approach to Measuring Money

II Financial Markets
04. Understanding Interest Rates
05. The Behavior of Interest Rates
06. The Risk and Term Structure of Interest Rates
07. The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis

III Financial Institutions
08. An Economic Analysis of Financial Structure
09. Financial Crises and the Subprime Debacle
10. Banking and the Management of Financial Institutions
11. Economic Analysis of Financial Regulation
12. Banking Industry: Structure and Competition

IV Central Banking and the Conduct of Monetary Policy
13. Central Banks: A Global Perspective
14. The Money Supply Process
15. Tools of Monetary Policy
16. What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics

V International Finance and Monetary Policy
17. The Foreign Exchange Market: Exchange Rates and Applications
18. The International Financial System

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