Money, Banking, and Financial Markets

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9780072491579: Money, Banking, and Financial Markets

This upper level (junior/senior) undergraduate text addresses in-depth coverage of the key topics in an undergraduate money and banking course: the nature and functions of money, financial institutions, instruments and markets, evolution of the U.S. commercial banking industry, determinants of the level and term structure of interest rates, determination of the money supply, the nature and structure of the Federal Reserve System, instruments of central bank policy, intermediate targets and strategies of monetary policy, money demand and velocity, the transmission mechanism of monetary policy, and international finance. The text assumes that the only economics courses the students have taken are the Principles courses.

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About the Author:

Lloyd Thomas, currently the chair of the Department of Economics at Kansas State University, received his BA from the University of Missouri and his Ph. D from North Western University. He has served as a visiting professor at the University of California-Berkeley, University of Delaware, and Indiana University-Bloomington. Dr. Thomas¿ research interests include empirical analysis of interest rates determination and various issues in macroeconomic policy. Recently he has been examining various aspects of inflation expectations and his work has appeared in Economic Letters, Journal of Economic Perspectives, Business Economics, and Quarterly Review of Economics and Finance.

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Thomas, Lloyd B.
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