The Economics of Money, Banking and Financial Markets (13th Global Edition)

Description:

Step into the world of high finance with the most celebrated text in the field. The 13th Global Edition of Mishkin’s classic provides a unifying, analytic framework that uses a few basic economic principles to organize students’ thinking about the structure of financial markets, foreign exchange markets, and the management of financial institutions. It makes complex concepts like monetary policy and interest rate fluctuations “easy” to understand through real-world applications.

Why the 13th Global Edition is a “Must-Have”:

• Contemporary Focus: Includes the latest data and research on the aftermath of the global financial crisis and the impact of the COVID-19 pandemic on central bank policies.

• Global Perspective: While authored by a former Federal Reserve Governor, this Global Edition is specifically tailored with international examples and data relevant to students outside the US.

• Policy Driven: Offers a behind-the-scenes look at how the Federal Reserve and other central banks (like the SARB) make decisions.

• Career Ready: Provides the foundational knowledge needed for careers in investment banking, financial analysis, and public policy.

Key Topics Covered:

• Financial Markets: Understanding interest rates, the behavior of stock markets, and the “Efficient Market Hypothesis.”

• Financial Institutions: The role of banks, financial innovation, and the causes of financial crises.

• Central Banking: The structure of central banks and the tools of monetary policy.

• Monetary Theory: The quantity theory of money, the IS-LM model, and the link between money and inflation.

• International Finance: The foreign exchange market and the international financial system.

Key Specifications:

• ISBN-13: 9781292409481

• Author: Frederic S. Mishkin

• Publisher: Pearson

• Edition: 13th Edition (Global Edition)

• Format: Physical Paperback