Currency, Banks and Financial Markets [1st Edition]

Author: Robert C. Merton
Publisher:
Publish Date: 2007-01-01
Features: As the newest textbook on monetary economics in the market, this book closely integrates the economic realities of the United States and other countries, providing an in-depth yet accessible introduction to the fundamental knowledge and operational principles of money, banking, and financial markets. It also offers a comprehensive and thorough discussion on the design, implementation of monetary policy, and the new developments in monetary economics. The book is structured around five core principles, focusing on analyzing the current structure and rules of the financial system to help students understand the financial system and its economic impact on people, as well as equipping them with the lifelong ability to understand and evaluate potential financial innovations they may face in the future.
Key Features of the Book: Simple, practical, and lively. Compared to Mishkin's textbook, this book provides 50% more illustrations and reduces the content by over 10%, featuring four types of inserts: "Your Financial World," "Concept Application," "News Clips," and "Trading Toolboxes." The five core principles run throughout the book. Centered around these core principles, the content is concise and logically clear.
Content Innovations:
- Introduces risk first;
- Focuses on the analysis of financial instruments;
- Begins the discussion with the role and objectives of the central bank;
- Applies modern monetary economics;
- Offers an integrated global perspective.
Teaching Support:
- Online learning center;
- Teacher resources and methodology guide;
- Test bank;
- Teaching slides;
- Lecture notes conversion materials for Mishkin's textbook.