Study Guide to accompany Money, Banking, and Financial Markets [Paperback]

Stephen Cecchetti (Author)

Book Description

Publication Date: September 6, 2007 | ISBN-10: 0073280437 | ISBN-13: 978-0073280431 | Edition: 2

Written by James Fackler of the University of Kentucky, the Study Guide contains a wealth of review and tutorial resources, including multiple choice questions, detailed descriptions of key chapter topics and terminology, review essays, and problems. Written with an easy, friendly tone, this Guide is a must for students.

Editorial Reviews

About the Author

Stephen Cecchetti is currently Professor of International Economics and Finance at the International Business School, Brandeis University, and Director of Research at the Rosenberg Institute for Global Finance. Professor Cecchetti received a S.B. in Economics from M.I.T. in 1977, and a Ph.D. in Economics from the University of California at Berkeley in 1982. --This text refers to an alternate Paperback edition.

Product Details

• Paperback: 532 pages
• Publisher: McGraw-Hill/Irwin; 2 edition (September 6, 2007)
• Language: English
• ISBN-10: 0073280437
• ISBN-13: 978-0073280431
• Product Dimensions: 10.9 x 8.4 x 1 inches
• Shipping Weight: 2.5 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #886,173 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

20 of 21 people found the following review helpful:

5.0 out of 5 stars Well written and with clarity, August 7, 2005

By 

I. M. Olea - See all my reviews
(REAL NAME)   

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

I've read the books of Mishkin and Hubbard, also well written pieces.

However, Cecchetti seems to be able to explain concepts with more clarity and in a way that makes one remember the various theories long after reading the book.

He should try to develop further the chapter on futures and give more emphasis on hedging, since this is the trend financial markets are moving towards these days, without having to impinge on books devoted solely to the topic.

He may also want to expound more on the chapter covering foreign exchange and international markets, to make the book more relevant to international readers.

on the chapter on monetary policy, since he touched on foreign central banks he may also wish to write about how other countries implement monetary policy, esp how the Bank of England uses the repo market to conduct money easing/contraction.

Am looking forward to a much-improved version in the future.

18 of 19 people found the following review helpful:

5.0 out of 5 stars Macroeconomics As Seen From The Fed, May 27, 2006

By 

Reader (Arlington, Virginia) - See all my reviews
(VINE VOICE)   

Amazon Verified Purchase

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

This is an excellent undergraduate text on financial institutions and monetary economics. The exposition is rigorous yet avoids abstruse math. The best part is the section on monetary economics, where the author dispenses with IS/LM analysis and instead directly analyzes aggregate supply and demand. He writes from the perspective of a central banker (which he was), showing how central banks use interest rates to influence inflation and output. The writing is quite clear, and the numerous sidebars on historical and contemporary issues are excellent. Although some subjects (such as exchange rates) could have been developed in greater depth, this is a great textbook overall.

Ideological footnote: Many undergraduate econ books assume (more or less explicitly) that disturbances in the macroeconomy are eventually self-correcting. This book has a somewhat different starting place: it takes it for granted that regulators will oversee the banking system and that central bankers will act to close output gaps and keep inflation under control (in fact, the latter assumption is built into the author's construction of the aggregate demand curve). According to the author, modern central banks have developed a fairly good understanding of business cycles and know how to moderate them through the use of monetary instruments. Let's hope he's right.

7 of 8 people found the following review helpful:

5.0 out of 5 stars Great for business majors, February 7, 2008

By 

Econ Doc "Econ Doc" (USA) - See all my reviews

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

I teach undergrad business and economics, and have found this text to be very effective with my students, particularly as a follow-up to macro 101. One of the best things about the text is that it is well integrated; other texts seem somewhat choppy or fragmented.