Customer Reviews

Study Guide to accompany Money, Banking, and Financial Markets

5 star:		(4)
4 star:		(4)
3 star:		(1)
2 star:		(0)
1 star:		(1)

 

 

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.

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.

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.

The book is easy to follow and presents the information in a clear and concise manner.

I received just the book that I expected and under the circumstances that I expected. Amazon did a good job. The order was delivered quite fast.

This book was needed for school and the price was great, wayyy cheaper than buying it from the school and about the same price for renting it. It was in great condition and I can see why the teacher choose this book. It really does help one understand the finance world and it helps that it shows how to use the calculator to solve the math problems.

This study guide is a complete joke. The book this study guide is for doesn't get in-depth with calculations so the study guide is written with very few practice problems because there is nothing to practice. All the study guide does is give summary explanations of the chapters. If you read the chapter and go to class you wont even open the book and the book store will only pay $8 for it. I wouldn't even recommend buying the book this study guide is for either.

I was very happy with my textbook. It was in like new condition just like the seller advertized. Shipping was also really fast!! I would buy from this seller again.

This book came in on time but, the book itslef is out of the ordinary.
The begining of the book start on the back cover upside down....never seen anything like this before.

The book is in excellent condition, but try to find out the reason for the delay by the post office, and try to avoid it. It does not make sense to receive the book a month after I make the order, especially I have upgraded the posting service.