This text gives the reader a unique understanding of the dynamic and evolving nature of the financial system and how it is related to the aggregate economy. The text is written in an informal, conversational style, avoiding complex models and high-level math, making it perfect for the typical business business person who may or may not have a strong economics background.
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This text covers the traditional material found in a money and banking text, with the inclusion of a number of recent changes and controversies within the financial services industry. Changes to this edition include a chapter on capital market assets and a chapter on the international finance system. Intended for the introductory undergraduate course in money and banking or financial markets analysis or an MBA course in financial markets. A range of pedagogical tools for the instructor and student are available separately. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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