Money Banking Financial Markets Iclicker

By focusing on the big picture via core principles, this title teaches students the rationale for financial rules and institutional structure. It focuses on the basic functions served by the financial system while deemphasizing its structure and rules. It offers a student-friendly approach to the subject.

A thorough discussion of traditional topics of financial institutions and markets, determinants of interest rates, determination of the money supply, tools of central bank policy, intermediate targets of monetary policy, money demand and velocity, the transmission mechanism of monetary policy, and international finance.

This upper level (junior/senior) undergraduate text addresses in-depth coverage of the key topics in an undergraduate money and banking course: the nature and functions of money, financial institutions, instruments and markets, evolution of the U.S. commercial banking industry, determinants of the level and term structure of interest rates, determination of the money supply, the nature and structure of the Federal Reserve System, instruments of central bank policy, intermediate targets and strategies of monetary policy, money demand and velocity, the transmission mechanism of monetary policy, and international finance. The text assumes that the only economics courses the students have taken are the Principles courses.

The 12th edition of this text has been refreshed and updated, focussing on modern analytical problems. It features flexible organisation of material, theoretical coverage and numerous examples to clarify points.

Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3rd edition offers a fresh, modern, and more student-friendly approach. Students will find the material relevant and interesting because of the book's unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. By focusing on the big picture via core principles, Cecchetti & Schoenholtz teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students' knowledge will not be out of date. The worldwide financial.