Principles of Money, Banking, and Financial Markets plus MyEconLab Student Access Kit (11th Edition) [Hardcover]

Lawrence S. Ritter (Author), William L. Silber (Author), Gregory F. Udell (Author)

Book Description

Publication Date: December 14, 2003 | ISBN-10: 0321205251 | ISBN-13: 978-0321205254 | Edition: 11

This classic textbook incorporates the most current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. Well-known for its casual, conversational style, this text makes sophisticated concepts accessible.

Editorial Reviews

From the Back Cover

In the revision of this leading text, the authors incorporate the latest data and research while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. With their proven casual, conversational style, the authors make accessible sophisticated concepts such as asset pricing, financial contracting, and rational expectations.

NEW TO THIS EDITION

• In addition to providing an overview of the entire text, Chapter 1 links the field of money, banking, and financial markets to specific careers so that readers can see the connection to life after graduation.
• A new emphasis on the consolidation of the financial services industry is most evident in substantially revised sections of Chapter 11, "The Nature of Financial Institutions," and Chapter 15, "The Regulation of Markets and Institutions."
• New developments in global markets, including the Asian financial crisis and the newly created European Central Bank, are addressed in Chapter 10, "Understanding Foreign Exchange."
• Pedagogical features such as Going Out on a Limb and Off the Record engage students, while Reading the Financial News and In the News boxes encourage reading of financial newspapers.

WEB SITE

The tenth edition comes with a powerful new learning tool, an online course companion Web site at www.awlonline.com/ritter. For each text chapter, the Web site offers multiple-choice quizzes as well as numerous links. In addition, PowerPoint slides of all the text's figures and tables are available for downloading, and an online syllabus builder allows instructors to create a calendar of assignments for each class.

STUDY GUIDE

The Study Guide, prepared by Fred C. Graham of The American University, sharpens and tests understanding of key concepts. Features include chapter synopses, essay questions and problems, multiple-choice, completion, and true-false questions. Contact your campus bookstore for ordering information.

--This text refers to an out of print or unavailable edition of this title.

About the Author

Lawrence S. Ritter is Professor of Finance and Economics at the Stern School of Business of New York University. A former Chief of the Domestic Research Division of the Federal Reserve Bank of New York, he has served as a consultant to the U.S. Treasury, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the American Bankers Association, the Association of Reserve City Bankers, and the Garvin Guy Butler Corporation. He has been the Editor of the Journal of Finance and is a past President of the American Finance Association. Professor Ritter is also the author of numerous articles in professional journals and of The Glory of Their Times, a best-selling book about the early days of baseball.

William L. Silber is the Dean Abraham Gitlow Professor of Finance and Economics and Director, Glucksman Institute for Research in Securities Markets at the Stern School of Business of New York University. A former Senior Staff Economist with the President's Council of Economic Advisers and a former Senior Vice President at Lehman Brothers Kuhn Loeb, he has served as a consultant to the Board of Governors of the Federal Reserve System, the President's Commission on Financial Structure and Regulation, the U.S. Senate Committee on the Budget, the House Committee on Banking, Currency and Housing, the Justice Department, the Federal Home Loan Bank Board, the National Commission on Electronic Funds Transfers, and the Department of Housing and Urban Development. He is on the Economic Advisory Panel of the Federal Reserve Bank of New York and is the author of five books and numerous articles in professional journals.

Gregory F. Udell is the NBD Professor of Banking and Finance at the Kelley School of Business of Indiana University. He was formerly a banker and commercial loan officer in Chicago specializing in lending to small and midsized midwestern companies. Currently his academic research focuses on banking and financial contracting. He has published numerous articles in academic journals including the Journal of Political Economy, the Journal of Financial Economics, the Journal of Monetary Economics and the Journal of Business. He is an associate editor of the Journal of Money, Credit and Banking and the Journal of Banking and Finance. Professor Udell has been a visiting economist and consultant to the Board of Governors of the Federal Reserve System.

--This text refers to an out of print or unavailable edition of this title.

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Product Details

• Hardcover
• Publisher: Addison Wesley; 11 edition (December 14, 2003)
• Language: English
• ISBN-10: 0321205251
• ISBN-13: 978-0321205254
• Product Dimensions: 9.4 x 7.5 x 1.3 inches
• Shipping Weight: 2.7 pounds (View shipping rates and policies)
• Average Customer Review: 1.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #744,683 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

2.0 out of 5 stars no math, May 25, 2007

By 

Scott (Lisbon) - See all my reviews

This review is from: Principles of Money, Banking, and Financial Markets plus MyEconLab Student Access Kit (11th Edition) (Hardcover)

Overall this book was OK. It presented the key information in money and banking and the authors often made it entertaining to read. However the one major flaw with the book is the lack of ANY math. I know that some books are marketed for a more mathematical approach and thus contain more advanced mathematics accordingly. However this book had so little math it was laughable. I recall one section where the authors said "this can be proven mathematically, but for now just take our word for it..."
NO, I won't take your word for it, because knowing the underlying principals is to truly understanding anything.

5 of 9 people found the following review helpful:

1.0 out of 5 stars Poorly written, March 21, 2006

By 

sab001 "sab001" (Houston, TX) - See all my reviews

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

Principles of Money, Banking, and Financial Markets contains a great deal of information regarding economics in the United States. As a student, I find it to be poorly written. The authors/editors make constant reference throughout the text to other sections of the text. For example, we will discuss this in depth in chapter seven, but for now, lets reflect our continued study from chapter two and three. By doing so, we will be better prepared to read chapter eleven when we get to it. If the authors / editors left out the references and just left the actual information needed to learn the material, the student would be able to follow the material and perhaps understand the topic better. I am strongly encouraging our economics department to seek another text for future semesters.