Economics of Money, Banking, and Financial Markets, The, 13th edition

Published by Pearson (1 February 2021) © 2022

  • Frederic S Mishkin Columbia University
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Title overview

The Economics of Money, Banking and Financial Markets brings a fresh perspective to today's major questions surrounding financial policy. Influenced by his term as Governor of the Federal Reserve, Frederic Mishkin offers a unique viewpoint and informed insight into the monetary policy process, the regulation and supervision of the financial system, and the internationalization of financial markets.

Using real-world examples, the 13th Edition helps you apply these financial models, terms and equations to decisions that affect both your personal and professional lives.

Table of contents

PART 1: INTRODUCTION

  1. Why Study Money, Banking, and Financial Markets?
  2. An Overview of the Financial System
  3. What Is Money?

PART 2: FINANCIAL MARKETS

  1. The Meaning of Interest Rates
  2. The Behavior of Interest Rates
  3. The Risk and Term Structure of Interest Rates
  4. The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis

PART 3: FINANCIAL INSTITUTIONS

  1. An Economic Analysis of Financial Structure
  2. Banking and the Management of Financial Institutions
  3. Economic Analysis of Financial Regulation
  4. Banking Industry: Structure and Competition
  5. Financial Crises

PART 4: CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY

  1. Central Banks and the Federal Reserve System
  2. The Money Supply Process
  3. Tools of Monetary Policy
  4. The Conduct of Monetary Policy: Strategy and Tactics

PART 5: INTERNATIONAL FINANCE AND MONETARY POLICY

  1. The Foreign Exchange Market
  2. The International Financial System

PART 6: MONETARY THEORY

  1. Quantity Theory, Inflation, and the Demand for Money
  2. The IS Curve
  3. The Monetary Policy and Aggregate Demand Curves
  4. Aggregate Demand and Supply Analysis
  5. Monetary Policy Theory
  6. The Role of Expectations in Monetary Policy
  7. Transmission Mechanisms of Monetary Policy

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