The Economics of Money, Banking, and Financial Markets provides an analytical framework that uses basic economic principles to organize students’ thinking about the structure of financial markets, the foreign exchange markets, financial institution management, and the role of monetary policy in the economy.
Author(s): Frederic Mishkin Apostolos Serletis
Edition: 7
Publisher: Pearson Canada Inc.
Year: 2020
Language: English
Pages: 739
City: Ontario
Part 1 Introduction
1 Why Study Money, Banking, and Financial Markets?
1A Defining Aggregate Output, Income, the Price Level, and the Inflation Rate
2 An Overview of the Financial System
3 What Is Money?
Part 2 Financial Markets
4 The Meaning of Interest Rates
5 The Behaviour of Interest Rates
6 The Risk and Term Structure of Interest Rates
7 The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis
Part 3 Financial Institutions
8 An Economic Analysis of Financial Structure
9 Economic Analysis of Financial Regulation
10 Banking Industry: Structure and Competition
11 Financial Crises
Part 4 The Management of Financial Institutions
12 Banking and the Management of Financial Institutions
13 Risk Management with Financial Derivatives
Part 5 Central Banking and the Conduct of Monetary Policy
14 Central Banks and the Bank of Canada
15 The Money Supply Process
16 Tools of Monetary Policy
17 The Conduct of Monetary Policy: Strategy and Tactics
Part 6 International Finance and Monetary Policy
18 The Foreign Exchange Market
18A The Interest Parity Condition
19 The International Financial System
Part 7 Monetary Theory
20 Quantity Theory, Inflation, and the Demand for Money
21 The IS Curve
22 The Monetary Policy and Aggregate Demand Curves
23 Aggregate Demand and Supply Analysis
24 Monetary Policy Theory
25 The Role of Expectations in Monetary Policy
26 Transmission Mechanisms of Monetary Policy
MyLab Economics Appendices
The Seventh Canadian Edition of The Economics of Money, Banking, and Financial Markets includes 20 appendices available on MyLab Economics that cover additional topics and more technical material that instructors might want to include in their courses.
Instructors can either use the following appendices in class to supplement the material in the textbook or recommend them to students who want to expand their knowledge of the money and banking field. Please find them at www.pearson.com/mylab.
MyLab Economics Appendix 4.1 Measuring Interest-Rate Risk: Duration
MyLab Economics Appendix 5.1 Models of Asset Pricing
MyLab Economics Appendix 5.2 Applying the Asset Market Approach to a Commodity Market: The Case of Gold
MyLab Economics Appendix 5.3 Loanable Funds Framework
MyLab Economics Appendix 9.1 The 1980s Canadian Banking Crisis
MyLab Economics Appendix 9.2 Banking Crises Throughout the World
MyLab Economics Appendix 12.1 Duration Gap Analysis
MyLab Economics Appendix 12.2 Measuring Bank Performance
MyLab Economics Appendix 15.1 The Bank of Canada’s Balance Sheet and the Monetary Base
MyLab Economics Appendix 15.2 The M2+ Money Multiplier
MyLab Economics Appendix 15.3 The Great Depression Bank Panics, 1930—1933, and the Money Supply
MyLab Economics Appendix 17.1 Monetary Targeting
MyLab Economics Appendix 17.2 A Brief History of Bank of Canada Policymaking
MyLab Economics Appendix 20.1 The Baumol-Tobin and the Tobin Mean-Variance Models of the Demand for Money
MyLab Economics Appendix 20.2 Empirical Evidence on the Demand for Money
MyLab Economics Appendix 23.1 The Effects of Macroeconomic Shocks on Asset Prices
MyLab Economics Appendix 23.2 Aggregate Demand and Supply: A Numerical Example
MyLab Economics Appendix 23.3 The Algebra of the Aggregate Demand and Supply MOdel
MyLab Economics Appendix 23.4 The Taylor Principle and Inflation Stability
MyLab Economics Appendix 26.1 Evaluating Empirical Evidence: The Debate Over the Importance of Money in Economic Fluctuations
