Well-known for its engaging, conversational style, this text makes sophisticated concepts accessible, introducing students to how markets and institutions shape the global financial system and economic policy. Principles of Money, Banking & Financial Markets incorporates current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations.
New coverage includes:
Updated and expanded information on velocity (Chapter 2)
Expanded treatment of options (Chapter 3)
New coverage on Treasury Inflation Protected Securities (Chapter 8)
Revised section discussing balance of payments, appreciation and depreciation, and introducing current accounts and capital accounts (Chapter 10)
New section discussing the subprime mortgage crisis (Chapter 12)
New coverage on Exchange Traded Funds (Chapter 13)
New coverage on FDIC and reimbursement (Chapter 15)
Ch 1 Introducing Money, Banking, and Financial Markets
Ch 2 The Role of Money in the Macroeconomy
Ch 3 Financial Instruments, Markets, and Institutions
Ch 4 Interest Rate Measurement and Behavior
Ch 5 The Term and Risk Structure of Interest Rates
Ch 6 The Structure and Performance of Securities Markets
Ch 7 The Pricing of Risky Financial Assets
Ch 8 Money and Capital Markets
Ch 9 Demystifying Derivatives
Ch10 Understanding Foreign Exchange
Ch11 The Nature of Financial Intermediation
Ch12 Depository Financial Institutions
Ch13 Nondepository Financial Institutions
Ch14 Understanding Financial Contracts
Ch15 The Regulation of Markets and Institutions
Ch16 Financial System Design
Ch17 The Classical Foundations
Ch18 The Keynesian Framework
Ch19 The ISLM World
Ch20 Money and Economic Stability in the ISLM World
Ch21 An Aggregate Supply and Demand Perspective on Money and Economic Stability
Ch22 Rational Expectations: Theory and Policy Implications
Ch23 Empirical Evidence on the Effectiveness of Monetary Policy
Ch24 Tying It All Together
作者：Lawrence S. Ritter
現職：New York University
作者：William L. Silber
現職：Stern School of Business, New York University
作者：Gregory F. Udell
現職：Indiana University