Economics of Money, Banking and Financial Markets, The, Business School Edition, 5th edition

  • Frederic S Mishkin

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The Economics of Money, Banking and Financial Markets: Business School Edition builds a framework for understanding financial markets, tailored to meet your needs in business school. The text brings a fresh perspective to the major questions surrounding today's financial policy. Influenced by his term as Governor of the Federal Reserve, Frederic Mishkin offers you his unique viewpoint. He brings informed insight into the monetary policy process, the regulation and supervision of the financial system, and the internationalization of financial markets. The 5th Edition consists of a unifying, analytic framework for learning. The text will provide you with core economic principles and real-world examples.

Published by Pearson (September 18th 2020) - Copyright © 2019

ISBN-13: 9780136879381

Subject: Economics

Category: Money & Banking

Table of contents

Brief Contents


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


  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


  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
  6. Nonbank Finance
  7. Financial Derivatives
  8. Conflicts of Interest in the Financial Industry


  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


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


  1. Quantity Theory, Inflation, and the Demand for Money
  2. Aggregate Demand and Supply Analysis
  3. Monetary Policy Theory
  4. Transmission Mechanisms of Monetary Policy


  1. Financial Crises in Emerging Market Economies
  2. The IS Curve
  3. The Monetary Policy and Aggregate Demand Curves
  4. The Role of Expectations in Monetary Policy
  5. The ISLM Model

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