The Economics of Money, Banking, and Financial Markets

"For Second or Third Level Courses in Money and Banking. Never has the study of Money and Banking been as relevant as it is today. The Economics of Money, Banking, and the Financial Markets gives the most comprehensive coverage on the current financial crisis in relation to financial markets, financial institutions, the central bank, monetary policy and fiscal policy. The authoritative approach, use of real life examples and effective pedagogy have been maintained in this issue while an increased focus on finance has been introduced. For the first time, MyEconLab will be packaged with the text at no extra cost. MyEconLab is a premier online assessment and tutorial system, pairing rich online content with innovative learning tools." Publisher's note.

"New To This Edition Coverage of the Financial Crisis: New chapters have been added as well as many new and revised sections, applications and boxes to address the changes since the financial crisis. New Chapter 9 is devoted to analyzing the recent financial crisis and the institutions involved. Chapter 9: Financial Crises and the Subprime Meltdown outlines the events that led up to the recent financial crisis and attempts to make sense of how and why it occurred. New Chapter 12: Nonbank Financial Institutions examines how institutions engaged in nonbank finance (insurance companies, pension funds, finance companies, mutual funds, hedge funds, and private equity and venture capital funds) operate and how they are regulated. It also examines recent trends in nonbank finance and how nonbank financial institutions were affected by the subprime meltdown A new end-of-chapter feature called Quantitative Problems has been added. This section also features CANSIM questions. 2-4 new end-of-chapter problems in each chapter New part introductions have been added." Publisher's note.