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The Economics of Money, Banking, and Financial Markets Hardcover – 19 Jul 2009

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“The Mishkin text matters. The ideas and principles throughout the book are important for students and policymakers. The text is well organized, and I have never read any better explanation of economic principles.”
—J. Robert Gillette, University of Kentucky
“Mishkin’s textbook is informative, well-written, and approachable by both economics majors and non-majors.”
—Gabriele Camera, Purdue University
“Mishkin is by far the best book in the field. It is complete and exhaustive.”
—Joao Ricardo Faria, University of Texas–Dallas

“Mishkin is by far the most complete and concise reference on the market for students taking financial economics and monetary policy courses.”
—J. Reynolds, Northern Illinois University

“The quality of the writing style and the updated coverage of topics make this a great book.”
—Phillip Lane, Fairfield University

“I have my students telling me at the end of the semester [that] they have enjoyed reading the book.”
—Alla A. Melkumian, Western Illinois University

“[Mishkin] is relevant, challenging, and interesting. It provides clear explanations of monetary theory and policy. It is up-to-date. The Federal Reserve material features an insider’s perspective.”
—Linda Hooks, Washington and Lee University

“The use of economic analysis gives students a deeper understanding and attracts their interest. The extensive presentation of charts appeals to visual learners and the associated PowerPoint slides give instructors useful visual aids for classroom lectures.”
—Fiona Mclachlan, Manhattan College

About the Author

Frederic S. Mishkin is the Alfred Lerner Professor of Banking and Financial Institutions at the Graduate School of Business, Columbia University. He is also a Research Associate at the National Bureau of Economic Research, and from September 2006 to August 2008 was a member (governor) of the Board of Governors of the Federal Reserve System. He has also been a Senior Fellow at the FDIC Center for Banking Research, and past President of the Eastern Economic Association. Since receiving his PhD from the Massachusetts Institute of Technology in 1976, he has taught at the University of Chicago, Northwestern University, Princeton University, and University Columbia. He has also received an honorary professorship from the Peoples (Renmin) University of China. From 1994 to 1997 he was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and an associate economist of the Federal Open Market Committee of the Federal Reserve System.

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