Customer Reviews

Economics of Money, Banking, and Financial Markets, Update (7th Edition)

5 star:		(17)
4 star:		(7)
3 star:		(6)
2 star:		(1)
1 star:		(1)

 

 

Design:
The book is designed well with appropriate headings and sub-headings making it smooth to read and navigate. The language used is also well understood.

Content:
This book introduces the various financial markets: bond, stock, foreign exchange and a brief discussion on derivatives. It gives a general idea and analysis behind the operating mechanisms of monetary policies, paving the way for further studies into the topics.

Its main focus is on the U.S. economy, and includes applications in the European Union and Asia as well. Small sections are devoted to real world applications, with reference to the concepts taught.

For who:
On the other hand, this book remains an introduction to monetary economies and is not for students seeking detailed analysis. Students should also have a basic background on economics in order to utilize the text to the fullest.

The author is very good in leading the reader through how money and its avaliability play an important role in determining the economy of any country.
The banking industry and its role are covered as well - starting from a historical perspective to the present day. Our class was doing a chapter on the various reforms in the banking industry when the Enron-Anderson scandal happened. We had some very though-provoking discussions in the class based on the material in the text.
While I am not a complete stranger to economics, I took home a lot of valuable information by the time I was done with this course and this text book. I only wish the publishers had included a CD ROM of real-world exercises / problems that stimulate thought on issues to consider when determining monetary policy.

Perfect for an introductory course in Banking and Monetary Theory. Requires a preview of basic economics to really get the most benefits. Undergraduate students would surely appreciate it.

This book is being used for a Money and Banking course taught to undergraduate general business students at the University of Central Florida. The text is well-organized, concise, and informative. There are many tables and charts that summarize and/or reinforce the text. Supplemental materials, especially the study guide, are particularly helpful. The math is minimal and relies on, at most, basic algebra -something that, unfortunately, is beyond the capability of many university students these days.

All that being said, the text is still way above the heads of most UCF students. But then again, they almost never study.

Highly recommended for both dummies and people familiar with economics. The author presents an unbiased, unpartisan, clear introduction to numerous aspects of monetary policy, financial institutions, and financial markets. Along with factual material the author presents important and profound generalizations and principles.

Extremely useful for Economic and Finance Majors/pursuers. I call it a Pre-Corporate Finance book. It teaches you the basics in financial instruments such as valuing bonds, portfolio theories, foreign exchange market, and also how to read the WSJ (Wall Street Journal).

I used this book for an independent study in banking. It was wonderfully written, and very easy to read. It's definitely the class of all introductory banking texts. They even use it at Harvard.

This is a very competent textbook, gives you the state of the art bird's eye view of orthodox monetary theory and policy.

Frederick Mishkin was interviewed for the documentary "Inside Job," which deals with the financial crisis and the deregulation which, arguably, sowed the seeds of the crisis. Clips of the interview may be watched on youtube and elsewhere. They are not exactly fair and biased, to say the least. Still, it is interesting to hear Mishkin explain that in August 2008 he resigned from the board of the Federal Reserve, in the midst of the greatest crisis since the 1930s, to (quoting from memory, check the video yourselves) "revise the textbook."


So here you have a textbook which is more valuable than the nation's currency. You'd be a fool not to trade your dollars for it.

This is a great option for those being introduced in the Financial Markets Area. Very complete and easy to understand. Great Choice!

For once, there is an economist with a passion to teach and communicate well. Although it is supposed to be an introductory text in monetary economics, I return to it again and again to check my basic understanding of this subject.