Principles of Money, Banking, and Financial Markets (10th Edition) Unknown - 1999

From the publisher

In the revision of this leading text, the authors incorporate the latest data and research while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. With their proven casual, conversational style, the authors make accessible sophisticated concepts such as asset pricing, financial contracting, and rational expectations. NEW TO THIS EDITION *In addition to providing an overview of the entire text, Chapter 1 links the field of money, banking, and financial markets to specific careers so that readers can see the connection to life after graduation. *A new emphasis on the consolidation of the financial services industry is most evident in substantially revised sections of Chapter 11, The Nature of Financial Institutions, and Chapter 15, The Regulation of Markets and Institutions. *New developments in global markets, including the Asian financial crisis and the newly created European Central Bank, are addressed in Chapter 10, Understanding Foreign Exchange. *Pedagogical features such as Going Out on a Limb and Off the Record engage students, while Reading the Financial News and In