The Economics of Money, Banking & Financial Markets

Abstract

Although this text has undergone a major revision and adaptation for the European context it retains the basic hallmarks of all past Global editions that have made it the best-selling textbook on money and banking over the past editions: - A unifying, analytic framework that uses a few basic economic principles to organize students’ thinking about the structure of financial markets, the foreign exchange markets, financial institution management and the role of monetary policy in the economy - A careful, step-by-step development of models (an approach found in the best principles of economics textbooks), which makes it easier for students to learn - The complete integration of an international perspective throughout the text - A thoroughly up-to-date treatment of the latest developments in monetary theory - A special feature called ‘Following the financial news’ to encourage reading of a financial newspaper - An applications-oriented perspective with numerous applications and special-topic boxes that increase students’ interest by showing them how to apply theory to realworld examples.