Economics of Money, Banking & Finance
A European Text
3rd Edition

By Peter Howells & Keith Bain
Financial Times / Pearson Education Limited
August 2005
ISBN: 0273693395
624 Pages, Illustrated
$99.50 paper original

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The Economics of Money, Banking and Finance deals with international issues affecting financial markets. Taking a strong unifying theoretical perspective it provides a unique comparative survey of financial systems in the UK, Germany, France, Italy, Scandinavia and the USA.

Proven popular with students, the author's excellent writing style ensures economic theories are clearly explained, whilst the copious use of literature and articles from the financial press give students a real-life framework to the theory.

Assuming a basic grounding in economics principles, this book will be suitable for a range of one and two semester courses in: banking, financial economics, financial services, finance, and money, banking and finance.

CONTENTS
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
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 market
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 eurozone 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

Features
" Comprehensive coverage of financial markets
" Comparative survey of financial systems in the UK, Germany, France, Italy and the USA gives students a unique international perspective
" Extensive coverage of major European policy issues keeps students up-to-date with developments in Europe.
" Extensive use of data and articles from the Financial Times reinforces students' understanding and give a real-life framework for the theory
" Excellent pedagogy includes: learning objectives, boxed exercises, chapter summaries, key concepts, problems, discussion questions, guide to further reading

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