The Seventh Edition of The
Economics of Money, Banking, and Financial Markets is no exception.
The text has undergone a major revision, but it retains the basic hallmarks
that have made it the best-selling textbook on money and banking in the past
six 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.
- 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
- The complete integration of an international
perspective throughout the text
- A thoroughly up-to-date treatment of the latest
developments in monetary theory
- Special features called "Following the Financial
News" and "Reading the Wall Street Journal" 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 real-world examples
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