Book Description:
ISBN-13: 9780078021749
The book “Money, Banking and Financial Markets” provides a comprehensive overview of the financial system, covering topics such as money creation, banking operations, and the role of financial markets in the economy. The 4th edition includes updated information on recent developments in the financial industry, including the impact of technology on banking and the effects of monetary policy on the economy.
The book delves into the functions of money and how it is created by central banks, as well as the role of commercial banks in the financial system. It also explores the various types of financial markets, such as the stock market and bond market, and how they facilitate the flow of funds between savers and borrowers.
Additionally, the book discusses the importance of financial regulation and the role of government in overseeing the financial system to ensure stability and protect consumers. “Money, Banking and Financial Markets” provides a thorough examination of the key concepts and principles that govern the financial system, making it an essential read for students and professionals in the field of finance.
This edition retains the full content with the added advantage of portability, allowing readers to easily access and engage with the material from any device, whether in a classroom or during fieldwork.