Teach your students the principles of economics and give them a practical foundation The Economics of Money, Banking and Financial Markets, 13th edition, teaches your students basic economic principles and shows them how to apply them in their professional and personal lives with a flexible teaching structure. This title is available with MyLab®.
Hallmark features of this title
A structure that facilitates effective teaching and learning.
- A unifying, analytical framework enables students to analyse the structure of financial markets.
- A flexible and modular design meets the diverse needs of instructors, meaning chapters, or sections of chapters, can be used or omitted according to instructor preferences.
Learner resources help your students retain the material.
- Graphs and Mini-Lecture Videos with detailed captions help students grasp the interrelationships among the plotted variables and the principles of analysis.
- More than 50 Applications show how the analysis presented can be used to explain many important real-world situations.
- More than 600 end-of-chapter exercises help students apply economic concepts.
New to this Edition
New and updated features of this title
Timely coverage of important economic events.
- Compelling new material on the coronavirus pandemic has been added to many parts of the book, showing the importance of banks, financial markets, and monetary policy to the health of the economy. Highlights include:
- A new application on the stock market crash of 2020 and the likelihood that the pandemic could lead to another financial crisis (Chapter 12).
- A new application on the effects of quantitative easing on the money supply during the pandemic.
- An update to the section on nonconventional monetary policy tools and quantitative easing.
Coverage of other new developments in the field keep the text current and relevant.
- A new application on the effects of the Trump tax cuts on bond interest rates.
- A new Global box on the variation in central banks' activism and the method of intervention on foreign exchange markets. In addition, Chapters 18 and 19 have been heavily updated to include new running examples.
- A new FYI box on Modern Monetary Theory discusses this new theory that argues that the Green New Deal can be easily paid for by having the Federal Reserve buy government bonds to fund the resulting large budget deficits.
Table of Contents
Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, co-director of the US Monetary Policy Forum, a member of the Squam Lake Working Group on Financial Reform, and past president of the Eastern Economics Association.
Professor Mishkin's research focuses on monetary policy and its impact on financial markets and the aggregate economy. He is the author of more than twenty books and has published more than 200 articles in prominent journals. Mishkin is currently an associate editor (member of the editorial board) at six academic journals.