Customer Reviews:
Not what I thought.......2007-08-26
This book was a lot less than expected. It is basically a book of definitions. It does not offer notes from the book which is what I thought I was getting.
Financial Markets and Institutions-Cram Text.......2007-02-16
Don't get it. It is useless. Elementary style study pack.
Very good for first exposure to financial markets.......2003-12-10
This book is not an advanced book on financial markets, but it is a good introductory book. I use this book for my undergraduate teaching. Both I and students are happy about the coverage of the book. It is well organized and well written. Improvements will be valuable in the derivatives markets and risk management areas.
Good start.......2003-12-04
I've used some version of this book for many years now, and I've seen it evolve. I think, as other reviewers have said, that there are some simplified portions of the book, especially those parts dealing with monetary economics. There are other portions which lay out the principles as only these authors can, and those parts are extremely helpful and valuable. This book allows me to teach my notes and thoughts with a textbook serving as a reference and an introduction -- it doesn't get in my way, in other words. I use it along with several other texts, and I think it gets the job done. Students seem to like it as well, mainly for its clarity. For someone wanting to learn the basics, this is an excellent choice.
This book insults the intelligence of all but newcomers.......2002-11-08
Although this might be a perfect book for those looking for simplicity, I would not advise it to anybody with previous exposure to finance.
The book is a way too simple, and reveals huge ignorance on the markets outside the US.
I think the book is very much a benchmark to reveal ignorant finance - teachers.
Book Description
Economics of Money, Banking, and Financial Markets heralded a dramatic shift in the teaching of the money and banking course in its first edition, and today it is still setting the standard. By applying an analytical framework to the patient, stepped-out development of models, Frederic Mishkin draws students into a deeper understanding of modern monetary theory, banking, and policy. His landmark combination of common sense applications with current, real-world events provides authoritative, comprehensive coverage in an informal tone students appreciate. Mishkin’s previous post as Executive Vice President and Director of Research at the Federal Reserve Bank of New York lends an insiders-view that helps to demystify this key institution for students.
Customer Reviews:
Fast service. excellent condition.......2007-10-02
I received my book before expected. The condition was as it was stated- excellent. Very satisfy with supplier.
Too thorough...........2007-04-25
I'm a student at the University of Michigan business school and this was a book assigned for one of the introductory economics courses here. It is VERY verbose and this can be both beneficial and problematic. On one hand, this book would be really helpful for those who are weak in symbolic logic since Mishkin go to great lengths to explain everything. But some of the unnecessary extra explanations can be distracting to the point of confounding the essentials. It wouldn't hurt to trim 1/3 of the contents in each chapter.
good service.......2005-10-05
I ordered the book right before the hurrican Katrina. So my ordered was canceled, but they contacted me right away about my order and refunded my money back. Good service!!
Pretty good book for intermediate level.......2004-07-11
Design:
The book is designed well with appropriate headings and sub-headings making it smooth to read and navigate. The language used is also well understood.
Content:
This book introduces the various financial markets: bond, stock, foreign exchange and a brief discussion on derivatives. It gives a general idea and analysis behind the operating mechanisms of monetary policies, paving the way for further studies into the topics.
Its main focus is on the U.S. economy, and includes applications in the European Union and Asia as well. Small sections are devoted to real world applications, with reference to the concepts taught.
For who:
On the other hand, this book remains an introduction to monetary economies and is not for students seeking detailed analysis. Students should also have a basic background on economics in order to utilize the text to the fullest.
Wonderful and accessible book.......2002-11-23
Highly recommended for both dummies and people familiar with economics. The author presents an unbiased, unpartisan, clear introduction to numerous aspects of monetary policy, financial institutions, and financial markets. Along with factual material the author presents important and profound generalizations and principles.
Customer Reviews:
Good book for undergrads.......2005-04-06
We used this book in our international finance class in univ of chicago. what i have is the 2nd edition but i have to admit this is a really comprehensive and clearly organized book, it is an ideal book for people who are interested in getting a general picture of money, banking and basic exchange rates. one drawback i can think of is the price.
About the MyEconLab attachment to this book.......2005-02-16
If you're an independent learner; that is, not enrolled as a student in a course at a school, OR IF YOU ARE, BUT THE INSTRUCTOR IS NOT PARTICIPATING (Using the MyEconLab software for course materials), and thus can't provide you with a COURSEID, a warning about the MyEconLab study aid attachment to this textbook; the instructions for registering to use MyEconLab are less than candid.
They just say that without a CourseId you can still access "most of the online resources listed." You are directed to a generic Mishkin web site instead of registering at the main MyEconLab portal.
Being an honest person, I used the alternate registration. I was still asked for the ZIP for my school; I used my own. I then got a list of local schools or "Other" to choose from. I chose other, and entered "Independent Learner".
The registration then completed; the confirmation stated it is only good for SIX MONTHS.
If you go to the main MyEconLab Web portal shown in the user manual after registering as a non-student, your user ID will not be recognized. You have to use a generic portal for the Mishkin textbook instead.
What you get there is:
e-textbook, glossary, FLASH animated graphs, chapter quizzes and Web links from the textbook margins
The Weekly news selection (web links, so may expire; earliest was Aug. 2004)
The "Chapter Readings" in journals, etc. (ditto above)
Since these can expire at their parent web sites, I suggest you take the precaution of printing them out (I use Acrobat to make PDF files or download PDF files if available at the source). Also check out any links in the articles and do the same.
The Readings are probably the best of what you DO get, along with the animations and quizzes. The web links are updated, that's OK if you're not good at figuring that sort of thing out for yourself.
There is also a series of Chapter Appendices, not printed in the book, available with the e-text of the book at the alternate site.
WHAT YOU WON'T GET:
"Foundations Interactive" (whatever that is)
"MathXL for Econ" - the math review tutorial (would be nice)
"Research Navigator"
"eThemes of the Times"
The last two are a REAL Disappointment to me, because the Navigator (see textbook Preface) is supposed (among other things) to provide "a complete YEAR of search for full-text articles from the New York Times" and "Best of Web Link Library of peer-reviewed web sites." The last is described in the Preface as "thematically related articles from the NYTimes accompanied by critical-thinking questions." I was looking forward to these, because the NYTimes charges $$ by the article for archived (non-current) articles, and this can get expensive in a hurry, and an increasing number of other web sites, including industry association journals are now similarly archive and have paid access only.
So without being enrolled in a class that has an instructor who is using the course material software, you won't be able to access some of the BEST of the advertised materials of the MyEconLab add on.
They could have been clearer about WHAT exactly you would have had access to. They also could have said that the non-student registration is only good for 6 months, since the description of the NYTimes access for a full year (which you don't get at all) might reasonably lead one to infer that the registration is valid for a year.
And I fail to see why they couldn't throw in at least the Math review tutorial, since it wouldn't seem to involve any kind of outside contract or royalty such as the NYTimes access might.
Wow, an Econ book that is actually easy to understand!.......2004-09-30
I'm on Chapter 4 of this book, and I'm surprised at how clear and concise the author is. The sections are broken up very well and provide side titles in case you ever need to flip back to a certain topic.
The best by far of slim pickings.......2004-01-18
I reviewed every Money and Banking text I could get my hands on before selecting Mishkin's text to use while I was an instructor at one of the top universities in the US. Mishkin's text was hands-down the best text. But there weren't a lot of alternatives to choose from. This text gets used in a lot of MBA programs.
The thing I liked most about this text was its comprehensiveness. Mishkin did a far better job than the other text of introducing stock options. And of course, he covered the banking (money multiplier, bnak loans, etc.) side comprehensively. Good job with exchange rates, too.
Weaknesses: Need more on the insurance industry, particularly with the biggest banks now firmly in that business. Need more on financial futures. And finally, I'd like to see a little more mathematical rigor. I supplemented the text in an undergrad class with some more mathematical articles from the economics literature.
Customer Reviews:
no math.......2007-05-25
Overall this book was OK. It presented the key information in money and banking and the authors often made it entertaining to read. However the one major flaw with the book is the lack of ANY math. I know that some books are marketed for a more mathematical approach and thus contain more advanced mathematics accordingly. However this book had so little math it was laughable. I recall one section where the authors said "this can be proven mathematically, but for now just take our word for it..."
NO, I won't take your word for it, because knowing the underlying principals is to truly understanding anything.
Poorly written.......2006-03-22
Principles of Money, Banking, and Financial Markets contains a great deal of information regarding economics in the United States. As a student, I find it to be poorly written. The authors/editors make constant reference throughout the text to other sections of the text. For example, we will discuss this in depth in chapter seven, but for now, lets reflect our continued study from chapter two and three. By doing so, we will be better prepared to read chapter eleven when we get to it. If the authors / editors left out the references and just left the actual information needed to learn the material, the student would be able to follow the material and perhaps understand the topic better. I am strongly encouraging our economics department to seek another text for future semesters.
Book Description
Stephen Cecchetti’s new text on Money and Banking offers a fresh, more modern, and more student-friendly approach to the subject. The author has drawn on his vast experience as Vice President at the Federal Reserve Bank of New York, publishing in and editing various journals, and consulting for the European Central Bank, the Bank of England, the Bank of Israel, and the Reserve Bank of Australia as well as his years of teaching at various schools including Ohio State, Brandeis, Princeton, and Oxford University. Students will find the material more relevant and interesting because of the book’s unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. Cecchetti is THE money and banking book for today’s students; by focusing on the big picture via core principles, Cecchetti teaches students the rationale for financial rules and institutional structure so that even when the financial system evolves, students’ knowledge will not be out of date.
Customer Reviews:
Macroeconomics As Seen From The Fed .......2006-05-28
This is an excellent undergraduate text on financial institutions and monetary economics. The exposition is rigorous yet avoids abstruse math. The best part is the section on monetary economics, where the author dispenses with IS/LM analysis and instead directly analyzes aggregate supply and demand. He writes from the perspective of a central banker (which he was), showing how central banks use interest rates to influence inflation and output. The writing is quite clear, and the numerous sidebars on historical and contemporary issues are excellent. Although some subjects (such as exchange rates) could have been developed in greater depth, this is a great textbook overall.
Ideological footnote: Many undergraduate econ books assume (more or less explicitly) that disturbances in the macroeconomy are eventually self-correcting. This book has a somewhat different starting place: it takes it for granted that regulators will oversee the banking system and that central bankers will act to close output gaps and keep inflation under control (in fact, the latter assumption is built into the author's construction of the aggregate demand curve). According to the author, modern central banks have developed a fairly good understanding of business cycles and know how to moderate them through the use of monetary instruments. Let's hope he's right.
Well written and with clarity.......2005-08-08
I've read the books of Mishkin and Hubbard, also well written pieces.
However, Cecchetti seems to be able to explain concepts with more clarity and in a way that makes one remember the various theories long after reading the book.
He should try to develop further the chapter on futures and give more emphasis on hedging, since this is the trend financial markets are moving towards these days, without having to impinge on books devoted solely to the topic.
He may also want to expound more on the chapter covering foreign exchange and international markets, to make the book more relevant to international readers.
on the chapter on monetary policy, since he touched on foreign central banks he may also wish to write about how other countries implement monetary policy, esp how the Bank of England uses the repo market to conduct money easing/contraction.
Am looking forward to a much-improved version in the future.
Average customer rating:
- Great, well-organized
- A good starting point for business and finance students
|
Financial Institutions, Markets, and Money
David S. Kidwell ,
David W. Blackwell ,
David A. Whidbee , and
Richard L. Peterson
Manufacturer: Wiley
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Accessories:
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Study Guide to accompany Financial Institutions, Markets and Money, 9th Edition
ASIN: 0471697575 |
Book Description
Ever wonder how interest rates are determined?
Would you like to know how to read actual financial data?
Want to know what makes the financial sector really tick?
You'll find answers to these questions and more in Kidwell, Blackwell, Whidbee, and Peterson's Ninth Edition of Financial Institutions, Markets, and Money. Featuring a strong emphasis on fundamental concepts and how things really work in a market context, these four expert authors present a balanced, up-to-date overview of the U.S. financial system and its primary institutions and markets, coupled with an introduction to international markets.
Examine the financial system from a real-world perspective.
Now revised and updated, this Ninth Edition reflects recent events and trends in the financial system. The new edition includes even more real-world, hands-on examples, as well as new "In Practice" boxes, which describe important issues and trends in business practice. You'll also learn how to read and interpret actual financial data.
Take a balanced look at institutions and markets.
The authors present balanced coverage of the U.S. financial system with strong emphasis on both institutions and markets. Throughout, they take a free-market approach to the analysis of economic, market, and regulatory issues.
Understand how the material relates to your life and career.
Financial Institutions, Markets, and Money, Ninth Edition is written specifically for students. The authors have a knack for explaining difficult concepts in an intuitive manner, without watering the material down. In addition, there are a number of examples related to the types of finance transactions that young professionals face, such as buying and financing a home or determining the rate of return on an investment.
Customer Reviews:
Great, well-organized.......2006-11-07
This study guide is quite useful for a student studying finance first time.
A good starting point for business and finance students.......2001-03-28
This book is updated to the latest development in financial market, institutions and structure.
It concisely presented the money and capital markets with a touch of history and functionality.
I particularly like the balanced view of the authors in their presentations. It successfully illustrates the functional as well as risk consideration of the markets and institutions.
This book should serve well for student studying in domestic financial market and also as a bridging link to international financial system.
Book Description
This text contains the strengths of the authors' money and banking text: they bring in a historical and evolutionary perspective, provide a global emphasis where appropriate, and cover all the topics common to traditional markets and institutions texts. In addition, they emphasize a flow-of-funds perspective and the text ends with a section on monetary policy. The text provides balanced coverage of the theories, policies, and institutions in a conversational style, avoiding complex models and high level mathematics, making it a student-friendly text with many unique features that offer additional explanation of concepts, analyses, and historical background. The text emphasizes how structural change, globalization, innovation, and technology affect the financial environment, with attention to how and why institutions and markets evolve.
Book Description
Economics of Money, Banking, and Financial Markets heralded a dramatic shift in the teaching of the money and banking course in its first edition, and today it is still setting the standard. This Alternate Edition of The Economics of Money, Banking, and Financial Markets is the ideal choice for courses with limited emphasis on monetary theory–due to a prerequisite course in intermediate macroeconomics or a business school focus.
Average customer rating:
- Precise, Clear and Helpful
- One of the best introductions to the subject
- pity they cannot comunicate
- Fantastic
- One of the worst written books on the subject
|
Financial Markets, Instruments, and Institutions
Anthony M. Santomero , and
David Babbel
Manufacturer: McGraw-Hill/Irwin
ProductGroup: Book
Binding: Hardcover
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ASIN: 0072358688 |
Book Description
Financial Markets, Instruments and Institutions, 2/e offers a perspective that centers on the function, pricing and institutional structure of the financial markets. It focuses on these areas because financial markets, instruments and institutions have undergone substantial change over the last decade. Santomero/Babbel covers the wide range of financial instruments and the structure of financial markets and institutions, issues not addressed by traditional “Money and Banking” books. Santomero/Babbel also includes valuation and pricing methodologies, issues avoided by lower level “Money and Capital Markets” books.
Customer Reviews:
Precise, Clear and Helpful.......2001-01-13
The authors not only demonstrate their understanding of financial markets by way of the breadth and precision of the topics discussed, but they also present the material in a way that is understandable to even those uninitiated in finance. If you are looking to learn the basic concepts underlying the various markets (equity, bond, mortgage, etc.), and you are interested by the wide range of pricing tools available today, this book is up your alley.
One of the best introductions to the subject.......2000-11-22
This is one the best introductory textbooks on the subject of financial markets and institutions. It is comprehensive and full of examples and exercises. The authors do an excellent job of presenting complex concepts in a relatively simple and straightforward style. Highly recommended.
pity they cannot comunicate.......2000-02-22
clearly written by a pair of highly intelligent intellectuals. it is a pity they cannot comunicate.
Fantastic.......1999-06-09
This book is brilliantly written by obviuosly two bright intellectuals. They bring a unmatched insight into the financial market world.
One of the worst written books on the subject.......1999-01-10
The idea to have a broad but thorough overview of different financial markets is brilliant. However, the author has real talent to make relatively simple ideas incomprehensible. Overall, the book is very difficult to read, language and wording are terrible.
Book Description
Integrating coverage of international financial markets and the global economy from the outset, MONEY, BANKING AND FINANCIAL MARKETS gives you a solid foundataion of the topics important to the twenty-first century world of money and banking. It is also the first and only text on the market to offer a fully-integrated program of accompanying online resources and multimedia tools to enhance your study of money and banking and help you prepare for tests.
Customer Reviews:
A Gem.......2004-05-29
Excellent and brilliant book. I used it to successfully pass the Dantes Money and Banking exam. Amazingly, it's as thick as phone book, yet very easy to read. After completing a chapter, you just long for more. I recommend it.
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