The Economics of Money, Banking, and Financial Markets [Hardcover]

Frederic S. Mishkin (Author)

Book Description

Publication Date: August 1997 | ISBN-10: 0321031334 | ISBN-13: 978-0321031334 | Edition: 5

What's new about Mishkin's The Economics of Money, Banking, and Financial Markets, Fifth Edition? Substantially revised, expanded coverage of key topics, including central banking and the conduct of monetary policy, with new, high-interest "Inside the Fed" boxes; money and economic activity, focusing on the transmission mechanisms of monetary policy and featuring in-depth discussion of the credit view; theory of rational expectations and efficient capital markets; new trends in banking regulation and supervision; all-new chapter on financial derivatives - forwards, futures, swaps, and options; complete integration of international topics in the text narrative, as well as the revision of key chapters for an enhanced international focus; increased applications orientation throughout, including more than fifty applications woven into the text; streamlined organization for a smoother topical flow; and new full-color PowerPoint electronic transparencies to support your lectures, featuring all the book's figures and tables plus the Lecture Notes from the Instructor's Resource Manual.

Editorial Reviews

Review

“The Mishkin text matters. The ideas and principles throughout the book are important for students and policymakers. The text is well organized, and I have never read any better explanation of economic principles.”
–J. Robert Gillette, University of Kentucky
 
“Mishkin’s textbook is informative, well-written, and approachable by both economics majors and non-majors.”
–Gabriele Camera, Purdue University
 
“Mishkin is by far the best book in the field. It is complete and exhaustive.”
–Joao Ricardo Faria, University of Texas—Dallas

“Mishkin is by far the most complete and concise reference on the market for students taking financial economics and monetary policy courses.”
–J. Reynolds, Northern Illinois University

“The quality of the writing style and the updated coverage of topics make this a great book.”
–Phillip Lane, Fairfield University

“I have my students telling me at the end of the semester [that] they have enjoyed reading the book.”
–Alla A. Melkumian, Western Illinois University

“[Mishkin] is relevant, challenging, and interesting. It provides clear explanations of monetary theory and policy. It is up-to-date. The Federal Reserve material features an insider’s perspective.”
–Linda Hooks, Washington and Lee University

“The use of economic analysis gives students a deeper understanding and attracts their interest. The extensive presentation of charts appeals to visual learners and the associated PowerPoint slides give instructors useful visual aids for classroom lectures.”
–Fiona Mclachlan, Manhattan College
--This text refers to an alternate Hardcover edition.

About the Author

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, and from September 2006 to August 2008 was a member (governor) of the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center for Banking Research, and past President of the Eastern Economic Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and University Columbia. He has also received an honorary professorship from the Peoples (Renmin) University of China. From 1994 to 1997 he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System. --This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 832 pages
• Publisher: Addison-Wesley; 5 edition (August 1997)
• Language: English
• ISBN-10: 0321031334
• ISBN-13: 978-0321031334
• Product Dimensions: 9.5 x 7.7 x 1.3 inches
• Shipping Weight: 3 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (29 customer reviews)
• Amazon Best Sellers Rank: #3,397,956 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

19 of 21 people found the following review helpful:

4.0 out of 5 stars Pretty good book for intermediate level, July 11, 2004

By 

Poh Teck Leng (Singapore, Asia) - See all my reviews

This review is from: Economics of Money, Banking, and Financial Markets, Update Edition, The (6th Edition) (Hardcover)

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.

14 of 15 people found the following review helpful:

4.0 out of 5 stars Very good treatment of the role of money, July 15, 2002

By 

"venkas72" (Schaumburg, IL United States) - See all my reviews

This review is from: Economics of Money, Banking, and Financial Markets, The (Addison-Wesley Series in Economics) (Textbook Binding)

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.

10 of 12 people found the following review helpful:

4.0 out of 5 stars Perfect Introductory Book for Money and Bank Theory, April 8, 2000

By 

Enrique Fernandez (Santo Domingo, Dominican Republic) - See all my reviews

This review is from: The Economics of Money, Banking, and Financial Markets (Hardcover)

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.