Overview

The 2024 Release of Cecchetti & Schoenholtz's Money, Banking, and Financial Markets boasts an innovative approach to enhancing coherence, relevance, and timeliness in the study of Money and Banking for economics students. In a world where money, banking, and financial markets are in constant flux, this release introduces cutting-edge features to keep pace with evolving dynamics. This release captures the impact of the Covid-19 pandemic (including implications for inflation and employment dynamics), explore the forefront of changes in payments technology and the future of money, discover the evolution of central bank strategy and operating procedures, and gain insights into the consequences of the 2023 U.S. banking crisis.    Continuing its distinctive approach, the text emphasizes the Five Core Principles, delivers an early introduction to risk, offers an integrated global perspective, and seamlessly integrates FRED data. The authors also host a blog at www.moneyandbanking.com where you can find short, informed discussions and articles on issues in the news, as well as technical points relevant for both students and instructors. 

Full Product Details

Author:   Stephen Cecchetti ,  Kermit Schoenholtz
Publisher:   McGraw-Hill Education
Imprint:   McGraw-Hill Education
Edition:   7th edition
Weight:   1.018kg
ISBN:  

9781266966958

ISBN 10:   1266966951
Pages:   672
Publication Date:   11 April 2024
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

PART I: MONEY AND THE FINANCIAL SYSTEM   1 An Introduction to Money and the Financial System   2 Money and the Payments System   3 Financial Instruments, Financial Markets, and Financial Institutions  PART II: INTEREST RATES, FINANCIAL INSTRUMENTS, AND FINANCIAL MARKETS   4 Future Value, Present Value, and Interest Rates   5 Understanding Risk   6 Bonds, Bond Prices, and the Determination of Interest Rates   7 The Risk and Term Structure of Interest Rates   8 Stocks, Stock Markets, and Market Efficiency   9 Derivatives Futures, Options, and Swaps   10 Foreign Exchange  PART III: FINANCIAL INSTITUTIONS   11 The Economics of Financial Intermediation   12 Depository Institutions Banks and Bank Management   13 Financial Industry Structure   14 Regulating the Financial System  PART IV: CENTRAL BANKS, MONETARY POLICY, AND FINANCIAL STABILITY   15 Central Banks in the World Today   16 The Structure of Central Banks The Federal Reserve and the European Central Bank   17 The Central Bank Balance Sheet and the Money Supply Process   18 Monetary Policy Stabilizing the Domestic Economy   19 Exchange Rate Policy and the Central Bank  PART V: MODERN MONETARY ECONOMICS   20 Money Growth, Money Demand, and Modern Monetary Policy   21 Output, Inflation, and Monetary Policy   22 Understanding Business Cycle Fluctuations   23 Modern Monetary Policy and the Challenges Facing Central Bankers 

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Author Information

Stephen Cecchetti is currently Professor of International Economics and Finance at the International Business School, Brandeis University, and Director of Research at the Rosenberg Institute for Global Finance. He is also a Research Associate of the National Bureau of Economic Research, an organization of distinguished academic economists who specialize in policy-oriented empirical studies of national and world economies, and a consultant to central banks around the world. He is currently serving as a consultant to the European Central Bank's Inflation Persistence Project. Prior to joining the faculty at Brandeis, he was Professor of Economics at Ohio State University. From August 1997 to September 1999, he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York, as well as Associate Economist of the Federal Open Market Committee. Professor Cecchetti received a S.B. in Economics from M.I.T. in 1977, and a Ph.D. in Economics from the University of California at Berkeley in 1982.

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