Economics of Money, Banking and Finance, The

Essential reading for anyone wanting in-depth knowledge of the way financial systems operate around the world, particularly in Europe.

Dr Sugata Ghosh, BrunelUniversity

;The written style of the textbook is very good and student-friendly.  One of the key strengths of this

textbook is its very large coverage of topics. It is a very good handbook for a first contact with the different topics for undergraduate students.  Another strength of the book is its European focus. 

Gert Peersman, Ghent

In a time of such great movement and instability in money markets across the globe, there is no time more apt for publication of a fourth edition of The Economics of Money, Banking and Finance. From the boom in subprime mortgage lending to the subsequent credit crunch and bank reforms across Europe, this fourth edition clearly explains the financial economic theory behind recent events and closely examines institutional and policy discussions relevant to the real world of contemporary Europe.

Whats New:

          Chapter 15,Money markets deals with recent changes in Bank of England money market operations

          Chapter 13, The demand for moneynow reflects widely-recognised research that monetary policy impulses flow directly from the policy rate set by the central bank, rather than by any evolution in the quantity of money itself

          Chapter 26, Financial market efficiencyincludes increased coverage of behavioural finance

          Recognising the explosion of relevant material available on the Internet, More From The Web boxes suggest the best sites to access for different topics

          New FT articlesin every chapter

          New case studies such as the Northern Rock affair and Judging the regulator the FSA, praise and blame

Assuming a basic grounding in economic principles, The Economics of Money, Banking and Finance is suitable for a range of one and two semester courses at undergraduate level and appeals to financial services students as well as students of economics.

About the authors

Peter Howells is Professor of monetary economics at BristolBusinessSchool, University of the West of England, specialising in monetary and financial economics.

Keith Bainis formerly of the Universityof East Londonwhere he s...