Money, Banking and Financial Markets
A Modern Introduction to Macroeconomics
- Available for pre-order. Item will ship after March 23, 2022
This innovative text offers an introduction to money, banking and financial markets, with a special emphasis on the importance of confidence and trust in the macroeconomic system. It also presents the theory of endogenous money creation, in contrast to the standard money multiplier and fractional reserve explanation found in other textbooks. The US economy and financial institutions are used to explain the theoretical and practical framework, with international examples weaved in throughout the text. It covers key topics including monetary policy, fiscal policy, accounting principles, credit creation, central banks and government treasuries. Additionally, the book considers the international economy, including exchange rates, the Eurozone, Chinese monetary policy and reserve currencies. Taking a broad look at the financial system, it also looks at banking regulation, cryptocurrencies, real estate, and the oil and gold commodity markets. Students are supported with chapter objectives, key terms and problems. A test bank is available for instructors. This is an accessible introductory textbook for courses on money and banking, macroeconomics, monetary policy and financial markets.
Table of Contents
Part I: How the Economy Works
- Confidence, Monetary Policy, and Fiscal Policy
- Basic Accounting and Financial Statements
- Relationship of the Federal Reserve Bank and the U.S. Treasury Department
- The Truth Behind Money Creation
- Money, Banking, and the Real Economy
- Global Monetary Linkage
- Monetary Sterilization in China
- World Reserve Currency
- Real Estate
Part II: Related Topics
Dale Cline is a certified public accountant and certified management accountant. He holds an MBA from Wake Forest University, USA.
Sandeep Mazumder is Professor of Economics and Dean of the Hankamer School of Business at Baylor University, USA. He is an Associate Editor of the Journal of Macroeconomics.