The Economics of Money, Banking and Financial Markets strengthens students' application and decision-marking skills, and it does so with a focus on real-world examples. Easy-to-follow
graphics, crisp definitions, and a thoroughly accessible text highlight the applications of economics, making them relatable through everyday examples and concerns.
New to This Edition
The twelfth edition provides more rigor and clarity through internationally relevant topics and example, including the following new sections, boxes, and applications:
Enliven students’study of money, banking, and financial markets
1. Chapter 1 teaches students about career opportunities available beyond Wall Street or in a bank.
2. Chapter 4 illustrates negative interest rates in countries like Japan, the United States, and Europe.
3. Chapter 5 shows how the supply and demand model explains current interest rate movements.
4. Chapter 12 discusses and analyzes how the financial crises that originated in the United States also impacts other advanced global economies.
5. Chapter 13 discusses the crisis-stricken Mexico, Thailand, and South Korea’s external debt and highlights the same using appropriate diagrams.
6. Chapter 14 highlights major banking systems around the world—the European Central Bank, the Federal Reserve, the Bank of Japan—their origins, structure, and functions.
7. Chapter 18 highlights an application on Burgernomics, Big Macs, and Purchasing Power Parity, as a fun way of showing students how purchasing power parity works in practice.
