Financial Markets, Banking and Monetary Policy

Financial markets, banks, and monetary policy all touch our lives in numerous ways.

Financial Markets, Banking and Monetary Policy illustrates the various ways in which the financial system contributes to our well‐being—that is, how it creates economic value.  Readers are presented with the different types of financial markets, financial institutions, and the respective roles that they play.  Also, the publication discusses the major financial institutions—commercial banks and other depository institutions, mutual funds, hedge funds and other alternative investments, and pension funds and life insurance companies.

Now available in a NEW Second Edition, Financial Markets, Banking and Monetary Policy by Thomas D. Simpson:

• Is practical!  It presents a model calibrating the (present) value of cash flows, examines how credit risk, liquidity, and taxation can effect interest rates.
• Is applicable!  The publication discusses the money market, bond market, mortgage market, and equity/stock market. In addition, it connects the role of the economy and monetary policy in equity price movements and decisions by corporate managers to buy back shares.
• Is insightful!  The author includes comprehensive coverage on the causes and consequences of financial crises, and the kinds of policy measures that central banks have been developing to prevent them.
• Is easy to adopt! Adopting instructors receive assignments, test banks, slide decks, answers to end of chapter activities, and more!