Economics of Money, Banking and Financial Markets with MyEconLab

This package includes a physical copy of The Economics of Money, Banking and Financial Markets Global Edition, 10/e by Frederic S Mishkin, as well as access to the eText. 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. 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. This Global Edition has been edited to include enhancements making it more relevant to students outside the United States. The editorial team at Pearson has worked closely with educators around the globe to include: This edition continues to expand on the discussion of the current financial crisis.PART 1 I ntroduction 43 1 Why Study Money, Banking, and Financial Markets?... 44 2 An Overview of the Financial System... 67 3 What Is Money?... 94 PART 2 Financial Markets 107 4 Understanding Interest Rates... 108 5 The Behavior of Interest Rates... 130 6 The Risk and Term Structure of Interest Rates... 160 7 The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis...183 PART 3 Financial Institutions 203 8 An Economic Analysis of Financial Structure... 204 9 Financial Crises in Advanced Economies ...227 10 Financial Crises in Emerging Market Economies ...245 11 Banking and the Management of Financial Institutions ...265 12 Economic Analysis of Financial Regulation ...294 13 Banking Industry: Structure and Competition... 321 PART 4 Central Banking and the Conduct of Moneta ry Policy 353 14 Central Banks: A Global Perspective ...354 15 The Money Supply Process ...379 16 The Tools of Monetary Policy... 409 17 The Conduct of Monetary Policy: Strategy and Tactics ... 434 PART 5 International Finance and Moneta ry Policy 475 18 The Foreign Exchange Market ...476 19 The International Financial System... 500 PART 6 Monetary Theory 533 20 Quantity Theory, Inflation, and the Demand for Money...534 21 The IS Curve...551 22 The Monetary Policy and Aggregate Demand Curves...569 23 Aggregate Demand and Supply Analysis...582 24 Monetary Policy Theory...624 25 The Role of Expectations in Monetary Policy...643 26 Transmission Mechanisms of Monetary Policy...662