The Economics of Money, Banking, and Financial Markets

Excellent global introduction to financial markets. The book features the classic issues on economic policies, banking businesses and finally the role of the central banks. Great explanation about banking accounting, in an very easy way, as well as a first fixed income landscape. If you are looking for a first global financial markets and banking book, that's your one. If you are looking for a furher view only on financial institutions, your next book should be Modern Banking.

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.

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.

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.

For once, there is an economist with a passion to teach and communicate well. Although it is supposed to be an introductory text in monetary economics, I return to it again and again to check my basic understanding of this subject.