Economics of Money, Banking and Financial Markets, The, Business School Edition

Description

For courses in money and banking, or general economics.

A unified framework for understanding financial markets

The Economics of Money, Banking and Financial Markets: Business School Edition, 5th Edition brings a fresh perspective to today’s major questions surrounding financial policy. Presenting a more finance-oriented approach than The Economics of Money, Banking and Financial Markets, 12th Edition (also by Mishkin), the 5th Edition is more commonly taught in business schools and/or used by economics professors wishing to put less emphasis on monetary theory in their course.

Influenced by his term as Governor of the Federal Reserve, Frederic Mishkin offers students a unique viewpoint and informed insight into the regulation and supervision of the financial system, and the internationalization of financial markets. The 5th Edition provides a unifying, analytic framework for learning that fits a wide variety of syllabi. Core economic principles and real-world examples organize students’ thinking and keep them motivated. It’s this knowledge of how financial markets work that can enable students to make better investment decisions, whether for themselves or for the companies they work for.

Also available with MyLab Economics

By combining trusted authors’ content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. 

Note: You are purchasing a standalone product; MyLab Economics does not come packaged with this content. Students, if interested in purchasing this title with MyLab, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

If you would like to purchase both the physical text and MyLab Economics, search for:

0134855396 / 9780134855394  Economics of Money, Banking and Financial Markets, The, Business School Edition, Plus MyLab Economics with Pearson eText — Access Card Package

Package consists of:

• 0134734203 / 9780134734200 Economics of Money, Banking and Financial Markets, The, Business School Edition
• 0134734742 / 9780134734743 MyLab Economics with Pearson eText — Access Card — for The Economics of Money, Banking and Financial Markets, Business School Edition

Hallmark features of this title

An intentional structure

• A unifying framework uses a few basic economic principles to help students develop a disciplined, logical way of analyzing the structure of financial markets. This helps them understand foreign exchange changes, financial institution management, and the role of monetary policy in the economy.
• A real-world approach uses actual data in any analysis so students can see it in action.
• The Business School Edition presents a more finance-oriented approach than The Economics of Money, Banking and Financial Markets (also by Mishkin). It’s more commonly taught in business schools and/or by instructors wishing to put less emphasis on monetary theory in their course.

About our author

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. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia. He has also received an honorary professorship from the People’s (Renmin) University of China. From 1994 to 1997, he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System. From September 2006 to August 2008, he was a member (governor) of the Board of Governors of the Federal Reserve System.

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 20 books, including Macroeconomics: Policy and Practice, 2nd Edition (Pearson, 2015); Financial Markets and Institutions, 9th Edition (Pearson, 2018); Monetary Policy Strategy (MIT Press, 2007); The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich (Princeton University Press, 2006); Inflation Targeting: Lessons from the International Experience (Princeton University Press, 1999); Money, Interest Rates, and Inflation (Edward Elgar, 1993); and A Rational Expectations Approach to Macroeconometrics: Testing Policy Ineffectiveness and Efficient Markets Models (University of Chicago Press, 1983). In addition, he has published more than 200 articles in such journals as American Economic Review, Journal of Political Economy, Econometrica, Quarterly Journal of Economics, Journal of Finance, and Journal of Monetary Economics.

Professor Mishkin has served on the editorial board of American Economic Review and has been an associate editor at Journal of Business and Economic Statistics, Journal of Applied Econometrics, Journal of Economic Perspectives, Journal of International Money and Finance, and Journal of Money, Credit and Banking; he also served as the editor of the Federal Reserve Bank of New York’s Economic Policy Review. He is currently an associate editor (member of the editorial board) at 6 academic journals, including International Finance; Finance India; Review of Development Finance; Borsa Economic Review; PSU Research Review and Emerging Markets, and Finance and Trade. He has been a consultant to the Board of Governors of the Federal Reserve System, the World Bank, and the International Monetary Fund, as well as to many central banks throughout the world. He was also a member of the International Advisory Board to the Financial Supervisory Service of South Korea and an advisor to the Institute for Monetary and Economic Research at the Bank of Korea. Professor Mishkin was a Senior Fellow at the Federal Deposit Insurance Corporation’s Center for Banking Research and was an academic consultant to and serves on the Economic Advisory Panel and Monetary Advisory Panel of the Federal Reserve Bank of New York.

New and updated features of this title

A finance-oriented approach to the market

• NEW: Section on money, banking, financial markets and your career shows students how studying these important topics can help advance their career (Ch. 1).
• NEW: Discussions take an up-close look at nonbank finance, financial derivatives, and conflicts of interest in the financial industry.
• NEW: Material examines the financial crises in emerging market economies and the ISLM model.
• NEW: 20+ Appendices cover additional topics and technical material for students.
• NEW: Custom-designed PowerPoint lectures contain feature animations of all key text figures.
• UPDATED: Clearer presentation on the theory of purchasing power parity effectively summarizes the model and examines why it doesn’t fully explain exchange rates in the short run (Ch. 20).

For courses in money and banking, or general economics.

A unified framework for understanding financial markets

The Economics of Money, Banking and Financial Markets: Business School Edition, 5th Edition brings a fresh perspective to today’s major questions surrounding financial policy. Presenting a more finance-oriented approach than The Economics of Money, Banking and Financial Markets, 12th Edition (also by Mishkin), the 5th Edition is more commonly taught in business schools and/or used by economics professors wishing to put less emphasis on monetary theory in their course.

Influenced by his term as Governor of the Federal Reserve, Frederic Mishkin offers students a unique viewpoint and informed insight into the regulation and supervision of the financial system, and the internationalization of financial markets. The 5th Edition provides a unifying, analytic framework for learning that fits a wide variety of syllabi. Core economic principles and real-world examples organize students’ thinking and keep them motivated. It’s this knowledge of how financial markets work that can enable students to make better investment decisions, whether for themselves or for the companies they work for.

Also available with MyLab Economics

MyLab™ is the teaching and learning platform that empowers you to reach every student. By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Learn more about MyLab Economics.

The Economics of Money, Banking and Financial Markets: Business School Edition, 5th Edition is also available via Revel™, an interactive learning environment that enables students to read, practice, and study in one continuous experience. Learn more about Revel.