The Economics of Money, Banking & Financial Markets

Book Preface

Although this text has undergone a major revision and adaptation for the European context it retains the basic hallmarks of all past Global editions that have made it the best-selling textbook on money and banking over the past editions:

■ A unifying, analytic framework that uses a few 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

â–  A careful, step-by-step development of models (an approach found in the best principles of economics textbooks), which makes it easier for students to learn

â–  The complete integration of an international perspective throughout the text

â–  A thoroughly up-to-date treatment of the latest developments in monetary theory

■ A special feature called ‘Following the financial news’ to encourage reading of a financial newspaper

■ An applications-oriented perspective with numerous applications and special-topic boxes that increase students’ interest by showing them how to apply theory to realworld examples