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Money, Banking and Financial Markets Hardcover – 16 May 2011

4.4 out of 5 stars 43 ratings

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Cecchetti’s Money, Banking, and Financial Markets, 3e offers a fresh, modern, and more student-friendly approach to the subject. Students will find the material more relevant and interesting because of the book’s unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. Cecchetti is THE money and banking book for today’s students. By focusing on the big picture via core principles, Cecchetti teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students’ knowledge will not be out of date.

The worldwide financial crisis of 2007‐2009 was the most severe since that of the 1930s, and the recession that followed was the most widespread and costly since the Great Depression. Around the world, it cost tens of millions of workers their jobs. In the United States, millions of families lost their homes and their wealth. To stem the crisis, governments and central banks took aggressive and, in many ways, unprecedented actions. As a result, change will be sweeping through the world of banking and financial markets for years to come. Just as the crisis is transforming the financial system and government policy, it is transforming the study of money and banking. Against this background, students who memorize the operational details of today’s financial system are investing in a short‐lived asset. Cecchetti & Schoenholtz Money, Banking, and Financial Markets, 3e focuses on the basic functions served by the financial system while deemphasizing its current structure and rules. Learning the economic rationale behind current financial tools, rules, and structures is much more valuable than concentrating on the tools, rules, and structures themselves. Students will gain the ability to understand and evaluate whatever financial innovations and developments they confront.

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About the Author

Stephen Cecchetti is currently Professor of International Economics and Finance at the International Business School, Brandeis University, and Director of Research at the Rosenberg Institute for Global Finance. He is also a Research Associate of the National Bureau of Economic Research, an organization of distinguished academic economists who specialize in policy-oriented empirical studies of national and world economies, and a consultant to central banks around the world. He is currently serving as a consultant to the European Central Bank's Inflation Persistence Project. Prior to joining the faculty at Brandeis, he was Professor of Economics at Ohio State University. From August 1997 to September 1999, he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York, as well as Associate Economist of the Federal Open Market Committee. Professor Cecchetti received a S.B. in Economics from M.I.T. in 1977, and a Ph.D. in Economics from the University of California at Berkeley in 1982.

Product details

  • Publisher ‏ : ‎ McGraw-Hill Professional
  • Publication date ‏ : ‎ 16 May 2011
  • Edition ‏ : ‎ 3rd
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 704 pages
  • ISBN-10 ‏ : ‎ 007337590X
  • ISBN-13 ‏ : ‎ 978-0073375908
  • Item weight ‏ : ‎ 1.42 kg
  • Dimensions ‏ : ‎ 21.08 x 2.79 x 25.91 cm
  • Customer Reviews:
    4.4 out of 5 stars 43 ratings

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  • shuzhang
    5.0 out of 5 stars Five Stars
    Reviewed in the United Kingdom on 31 March 2015
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    excellent book
  • Kramer
    5.0 out of 5 stars Excellent!
    Reviewed in the United States on 12 February 2014
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    Well written book - probably my best textbook so far. Excellent coverage of material, well organized, much better than average presentation of the material. Practical and relevant.
  • Mara Cummings
    5.0 out of 5 stars Great Book
    Reviewed in the United States on 27 May 2013
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    I love this text book! Very simple and easy to read and understand. Used it for my Banking class and very satisfied with it. I will keep it and re-read it!
  • Janet Lynne Hill
    5.0 out of 5 stars book was in perfect condition
    Reviewed in the United States on 22 January 2015
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    Great buy. I have purchased all of my college books through Amazon. This book was in perfect condition. Thank you.
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    5.0 out of 5 stars Great service. got what I wanted
    Reviewed in the United States on 27 October 2013
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    Arrived on a timely matter. Received the book I wanted in the condition as stated. Thank you very much. Not much more I can say