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Economics of Money, Banking, and Financial Markets, 10th Edition, by Frederic S. Mishkin
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The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today’s students.
By applying a unified analytical framework to the models, The Economics of Money, Banking, and Financial Markets makes theory intuitive for students, and the rich array of current, real-world events keeps students motivated. Authoritative, comprehensive, and flexible, the text is easy to integrate into a wide variety of syllabi, and its ancillaries provide complete support when teaching the course.
- Sales Rank: #121113 in Books
- Brand: Brand: Prentice Hall
- Published on: 2012-01-16
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x 1.20" w x 8.00" l, 3.00 pounds
- Binding: Hardcover
- 720 pages
- Used Book in Good Condition
About the Author
Frederic S. Mishkin is Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University, Research Associate at the National Bureau of Economic Research, a past Executive Vice President and Director of Research at the Federal Reserve Bank of New York and after finishing this book was appointed a member of the Board of Governors of the Federal Reserve System. He is the author of "The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich" and other books.
Most helpful customer reviews
14 of 14 people found the following review helpful.
Good Book, still has some errors.
By Roland Martinez
This is a good textbook that really helped me gain a good understanding of monetary policy. It covers current topics such as inflation targeting, the Taylor principle, sterilized currency intervention and the zero lower bound. The book also covered supply and demand for investments and what factors cause supply and demand to increase and decrease.
I feel like I have a good grasp of what is going on currently inside the Fed. Bernanke is using inflation targeting and Mishkin is a proponent of the tactic. It also covered quantitative easing and the time preference theory of bond investment. I think I have a good grasp of the topic. Several chapters have appendices that are available for free online. Reading through those was an extra bonus when it came to test time.
The book did have a couple of errors. Sometimes it would be a slight grammar error or a slight math error. Sometimes it would say something that was completely the opposite of what it said in the next sentence. Fortunately there was enough content that I was able to work through these but to notice an error every 50 pages or so was grating. A book in its tenth edition should not have these issues.
Because I found this book to be a great supplement to my macroeconomic studies I'll rate it highly. For the crazy prices that publishers charge for textbooks, this book deserves another rundown from the editors.
0 of 0 people found the following review helpful.
Absolutely excellent teacher; learned so much from this book!
By Alexander C
This is a brilliant book. I bought this as a lay person to understand how banking and the markets work. Its so well written and easy to follow. He really breaks things down so you can really understand, he does not use abbreviations without explaining them, and he guides you to comprehend everything. its clear he really knows banking and the markets and really teaches you. I've learned so much, and now can follow and understand the news and papers, and annual reports much better.
0 of 0 people found the following review helpful.
What Do You Know, An Economics Textbook...
By Mikolaj S.
Well, I am using this book for a course need for my Master's program. The book itself, is well, a book. However, it can be extremely dry (i know, surprise, surprise), but is an overall easy read. The book came packaged well and was in excellent condition. I would not recommend this book as a free-read, but if you need to purchase it for a course, this is probably your best option (price, shipping, and quality)!
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