The economics of money, banking and financial markets

The study of money, banking and financial markets has become one of the most exciting areas in economics. Financial markets are changing rapidly and new financial instruments appear almost daily the once stail banking industry has become highly dynamic, and the difficulty in the savings and loan and commercial banking industries are continually featured in the media. Well-functioning international trade and financial markets have created an integrated world economy in which events in one country`s financial markets a major impact on financial markets in other countries. The conduct of monetary policy is at center stage in debates about economic policy and new developments in monetary theory have changed the way we think about the role of money in the economy. This is the focus of this 4th edition