The Financial System and the Economy: Principles of Money and Banking

This text gives students a unique understanding of the dynamic and evolving nature of the financial system and how it is related to the aggregate economy. It emphasizes the effects of structural change, globalization, financial innovation, and technology on the financial environment. Its highly applied, roots-in-reality approach incorporates numerous real-world applications and Internet features to demonstrate the relevance of topics. The text is written in an informal, conversational style, avoiding complex models and high-level math, making it perfect for the typical business major who may or may not have a strong economics background.

Maureen Burton received a BA from the University of Missouri at Columbia in 1971, an MA from California State University, Fullerton, in 1979, and a Ph.D.from the University of California at Riverside in 1986. All were in economics. She taught at Chaffey College from 1984 to 1987 and at Cal Poly Pomona since 1987 where she is a full professor, has been Coordinator of the Graduate Program, and is currently chair of the Economics Department. In addition to other publications, she co-authored an introductory text Economics (Harper Collins, 1987) with S. Craig Justice. Her main areas of research include monetary theory and financial markets.