The economics of money, banking and financial markets
By: Frederic S. Mishkin, Apostolos Serletis
Contributors: Serletis, Apostolos, 1954-
Edition: 4th Canadian ed.
Publisher: Pearson Addison Wesley
Published: 2011
Place of publication: Toronto
Language: eng
ISBN-13: 9780321584717
Subjects: Finance; Textbooks; Money; Banks and banking
Description: "For Second or Third Level Courses in Money and Banking. Never has the study of Money and Banking been as relevant as it is today. The Economics of Money, Banking, and the Financial Markets gives the most comprehensive coverage on the current financial crisis in relation to financial markets, financial institutions, the central bank, monetary policy and fiscal policy. The authoritative approach, use of real life examples and effective pedagogy have been maintained in this issue while an increased focus on finance has been introduced. For the first time, MyEconLab will be packaged with the text at no extra cost. MyEconLab is a premier online assessment and tutorial system, pairing rich online content with innovative learning tools." Publisher's note.

"New To This Edition Coverage of the Financial Crisis: New chapters have been added as well as many new and revised sections, applications and boxes to address the changes since the financial crisis. New Chapter 9 is devoted to analyzing the recent financial crisis and the institutions involved. Chapter 9: Financial Crises and the Subprime Meltdown outlines the events that led up to the recent financial crisis and attempts to make sense of how and why it occurred. New Chapter 12: Nonbank Financial Institutions examines how institutions engaged in nonbank finance (insurance companies, pension funds, finance companies, mutual funds, hedge funds, and private equity and venture capital funds) operate and how they are regulated. It also examines recent trends in nonbank finance and how nonbank financial institutions were affected by the subprime meltdown A new end-of-chapter feature called Quantitative Problems has been added. This section also features CANSIM questions. 2-4 new end-of-chapter problems in each chapter New part introductions have been added." Publisher's note.
Notes: Includes bibliographical references and index.
Table of contents: title: PART I Introduction : 1 Why Study Money, Banking, and Financial Markets?; title: 2 An Overview of the Financial System; title: 3 What Is Money?; title: PART II Financial Markets : 4 Understanding Interest Rates; title: 5 The Behaviour of Interest Rates; title: 6 The Risk and Term Structure of Interest Rates; title: 7 The Stock Market, the Theory of Rational Expectations, and Efficient Markets; title: PART III Financial Institutions : 8 An Economic Analysis of Financial Structure; title: 9 Financial Crises and the Subprime Meltdown; title: 10 Economic Analysis of Financial Regulation; title: 11 Banking Industry: Structure and Competition; title: 12 Nonbank Financial Institutions; title: PART IV The Management of Financial Institutions : 13 Banking and the Management of Financial Institutions; title: 14 Risk Management with Financial Derivatives; title: PART V Central Banking and the Conduct of Monetary Policy : 15 Central Banks and the Bank of Canada; title: 16 The Money Supply Process; title: 17 The Tools of Monetary Policy; title: 18 The Conduct of Monetary Policy: Strategy and Tactics; title: PART VI International Finance and Monetary Policy : 19 The Foreign Exchange Market; title: 20 The International Financial System; title: PART VII Monetary Theory : 21 The Demand for Money; title: 22 The ISLM Model; title: 23 Monetary and Fiscal Policy in the ISLM Model; title: 24 Aggregate Demand and Supply Analysis; title: 25 Transmission Mechanisms of Monetary Policy: The Evidence; title: 26 Money and Inflation; title: 27 Rational Expectations: Implications for Policy; title: Glossary; title: Index; title: Web Appendix to Chapter 1: Defining Aggregate Output, Income, the Price Level, and the Inflation Rate; title: Web Appendix to Chapter 4: Measuring Interest Rate Risk: Duration; title: Web Appendix 1 to Chapter 5: Models of Asset Pricing; title: Web Appendix 2 to Chapter 5: Applying the Asset Market Approach to a Commodity Market: The Case of Gold; title: Web Appendix to Chapter 7: Evidence on the Efficient Market Hypothesis; title: Web Appendix to Chapter 10:Banking Crises Throughout the World; title: Web Appendix 1 to Chapter 13:Measuring Bank Performance; title: Web Appendix 2 to Chapter 13:Nonbanking Financial Institutions and Duration Analysis; title: Web Appendix 1 to Chapter 16:The Bank of Canada's Balance Sheet and the Monetary Base; title: Web Appendix 2 to Chapter 16:The M2+ Money Multiplier; title: Web Appendix to Chapter 20:The Canadian Balance of Payments; title: Web Appendix 1 to Chapter 21:A Mathematical Treatment of the Baumol-Tobin and Tobin Mean Variance Models; title: Web Appendix 2 to Chapter 21:Empirical Evidence on the Demand for Money; title: Web Appendix to Chapter 23:Algebra of the ISLM Model; title: Web Mini-Case for Chapter 4:Interest Rates, Bond Yields, and Duration; title: Web Mini-Case for Chapter 5:The Behaviour of Interest Rates; title: Web Mini-Case for Chapter 6:Yield Curve Hypotheses and the Effects of Economic Events; title: Web Mini-Case for Chapter 7:Adaptive Expectations, Rational Expectations, and Optimal Forecasts; title: Web Mini-Case for Chapter 11: The Changing Landscape for Domestic and Global Financial Markets; title: Web Mini-Case 1 for Chapter 13:Bank Performance Analysis; title: Web Mini-Case 2 for Chapter 13:Calculating and Comparing Gap, Duration, and Risk Management Alternatives; title: Web Mini-Case for Chapter 14: Micro Hedge, Macro Hedge, Managing Interest Rate Risk, and Duration; title: Web Mini-Case for Chapter 19: The Foreign Exchange Market and Financial Derivatives