In preparing this sixth edition we were influenced primarily by the sweeping changes that have occurred in our monetary and financial system during the fifteen years since Principles of Money, Banking, and Financial Markets was first published. Although each of our previous five editions has kept pace with current developments, this sixth edition represents by far the most substantial overhaul of all. Improvements have been made in institutional and theoretical coverage as well as in pedagogical techniques; however, we still maintain the casual conversational style that has highlighted earlier editions.
In the revision of this leading text, the authors incorporate the latest data and research while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. With their proven casual, conversational style, the authors make accessible sophisticated concepts such as asset pricing, financial contracting, and rational expectations.
NEW TO THIS EDITION
- In addition to providing an overview of the entire text, Chapter 1 links the field of money, banking, and financial markets to specific careers so that readers can see the connection to life after graduation.
- A new emphasis on the consolidation of the financial services industry is most evident in substantially revised sections of Chapter 11, "The Nature of Financial Institutions," and Chapter 15, "The Regulation of Markets and Institutions."
- New developments in global markets, including the Asian financial crisis and the newly created European Central Bank, are addressed in Chapter 10, "Understanding Foreign Exchange."
- Pedagogical features such as Going Out on a Limb and Off the Record engage students, while Reading the Financial News and In the News boxes encourage reading of financial newspapers.
WEB SITE
The tenth edition comes with a powerful new learning tool, an online course companion Web site at www.awlonline.com/ritter. For each text chapter, the Web site offers multiple-choice quizzes as well as numerous links. In addition, PowerPoint slides of all the text's figures and tables are available for downloading, and an online syllabus builder allows instructors to create a calendar of assignments for each class.
STUDY GUIDE
The Study Guide, prepared by Fred C. Graham of The American University, sharpens and tests understanding of key concepts. Features include chapter synopses, essay questions and problems, multiple-choice, completion, and true-false questions. Contact your campus bookstore for ordering information.
