Money, Banking, and Financial Markets [Hardcover]

Laurence Ball (Author)

Book Description

ISBN-10: 0716759349 | ISBN-13: 978-0716759348 | Publication Date: December 12, 2008

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Monetary policy has changed. Has your textbook?

Ball’s Money, Banking, and Financial Markets closes the gap between economic theory and the day-to-day behavior of banks and financial markets. Working from a macro framework based on the Fed’s use of the interest rate as its major policy instrument, Ball presents the core concepts necessary to understand the problems affecting the stock market and the causes of recessions and banking crises. Underlying this framework are the intellectual foundations for the Fed’s inflation targeting using the dynamic consistency problem facing policymakers. Ball doesn’t explain how the Fed and financial markets should work; he explains how they do work on a daily basis.

Editorial Reviews

About the Author

Laurence Ball is Professor of Economics at Johns Hopkins University. He holds a Ph.D. in economics from the Massachusetts Institute of Technology and a B.A. in economics from Amherst College. Professor Ball is a Research Associate of the ¬National Bureau of Economic Research and has been a visiting scholar at the Federal Reserve, the Bank of Japan, the Central Bank of Norway, the Reserve Bank of Australia, and the Hong Kong Monetary Authority. His academic honors include the Houblon-Norman Fellowship (Bank of England), a Professorial Fellowship in Monetary Economics (Victoria University of Wellington and ¬Reserve Bank of New Zealand), the NBER Olin Fellowship, and the Alfred P. Sloan Research Fellowship. He is the coauthor with N. Gregory Mankiw of Macroeconomics and the Financial System (Worth Publishers). Professor Ball lives in Baltimore with his wife, Patricia, and their son, Leverett.

--This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 608 pages
• Publisher: Worth Publishers (December 12, 2008)
• Language: English
• ISBN-10: 0716759349
• ISBN-13: 978-0716759348
• Product Dimensions: 10 x 8 x 0.9 inches
• Shipping Weight: 2.8 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #91,193 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

5 of 11 people found the following review helpful:

5.0 out of 5 stars EXCELLENT!, April 2, 2009

By 

G. Mellior "george orwell fan" (France) - See all my reviews
(REAL NAME)   

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

This book is excellent. It explains really well and has a lot of real life examples that makes it easy to understand. I recommend this book to anyone, to students of economics and to any person interested in these topics.