Peter Howells, University of West of England
Keith Bain, Formerly of University of East London

Publisher: Financial Times Press
Copyright: 2008
Format: Paper; 656 pp

ISBN-10:	0273710397
ISBN-13:	9780273710394

Our Price: £42.99
Status: Instock
Published: 01 May 2008

The 4th edition of The Economics of Money, Banking and Finance is written to meet the needs of students requiring a rigorous grounding in financial economics theory, combined with institutional and policy discussion relevant to the ‘real world’ of contemporary Europe.

Preface
Acknowledgements
Symbols, Abbreviations and Other Conventions

PART ONE: INTRODUCTION
1. The role of a financial system

PART TWO: FINANCIAL INSTITUTIONS AND SYSTEMS
2. An introduction to financial systems
3. The UK financial system
4. The US financial system
5. The German financial system
6. The French and Italian financial systems
7. Financial systems in Northern Europe- Hans-Michael Trautwein

PART THREE: THEORY
8. Portfolio theory
9. The determination of short-term interest rates
10. The structure of interest rates
11. The valuation of assets

PART FOUR: MONEY AND BANKING
12. Banks and the supply of money
13. The demand for money
14. Monetary policy

PART FIVE: MARKETS
15. Money markets
16. Bond markets
17. Equity markets
18. Foreign exchange markets
19. Derivatives - the financial futures markets
20. Options, swaps and other derivatives

PART SIX: CURRENT ISSUES
21. The single European market
22. The European Monetary System and monetary union
23. The European Central Bank and euro area monetary policy
24. Financial innovation
25. The regulation of financial markets
26. Financial market efficiency
Case Studies 1-8

Glossary of Terms
Answers to Questions
Index

• Separate chapters deal with the financial systems in the UK, the USA, Germany, France, Italy and the Nordic countries.
• Includes extensive use of up-to-date examples, explains how to use relevant tables from the Financial Times and indicates many sources of information on the Internet
• Coverage of current issues such as the transparency of monetary policy and the psychological analysis of behaviour in financial markets.
• Increased emphasis on the integration of international financial markets, especially within Europe