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Money, the Financial System and the Economy [Hardcover]

R. Glenn Hubbard
5.0 out of 5 stars  See all reviews (1 customer review)

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Hardcover, 5 May 2004 --  
Paperback £84.54  
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Money, the Financial System, and the Economy (Adison-Wesley Series in Economics) Money, the Financial System, and the Economy (Adison-Wesley Series in Economics) 5.0 out of 5 stars (1)
£84.54
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Product details

  • Hardcover: 684 pages
  • Publisher: Prentice Hall; 5 edition (5 May 2004)
  • Language English
  • ISBN-10: 032124639X
  • ISBN-13: 978-0321246394
  • Product Dimensions: 26.2 x 20.6 x 3.3 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 5,516,900 in Books (See Top 100 in Books)
  • See Complete Table of Contents

More About the Author

R. Glenn Hubbard
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Product Description

Product Description

Hubbard builds his text upon the idea that students must develop an economic understanding for organizing concepts and facts, evaluate current and historical events using economic analysis, and use economic principles and tools to predict future outcomes and changes in the economic system.

Hubbard's modern approach employs economic principles to illustrate the evolution and conduct of financial markets and institutions, drawing a full picture of the relationship between economic performance and the international developments within these markets and institutions.

The Fifth Edition provides a timely perspective on key issues—corporate accounting scandals, development in the international financial system, the post 911 recession, and more—using relevant new data and up-to-the-minute real-world applications, while presenting it all in a clear, concise style.

About the Author

Currently the Russell L. Carson Professor of Economics and Finance at the Graduate School of Business, and the Professor of Economics in the Department of Economics at Columbia University, Glenn Hubbard received his B.A. and B.S. from the University of Central Florida and A.M. and Ph.D. in economics from Harvard University, where he was honored with both National Science Foundation and Alfred P. Sloan Foundation fellowships. --This text refers to the Paperback edition.

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Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Hardcover
Whilst the book centres on the US economy it is one of the best explanatory texts I have come across. The global nature of the marketplace is shown through excellent case studies.

This is a book anybody needing a guide to the financial system should read

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Amazon.com:  6 reviews
24 of 25 people found the following review helpful
Well written survey 9 Mar 2000
By Sam Johnson - Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
Having taken only a few basic econ courses in college I was looking for a book that would explain the workings of the fed in detail. My main interest is in trading. I found this book to be perfect. It was neither too simple nor too complex. Everything was cogently written and accessible to a layman. I found answers to all my questions and it's organized in a manner that chapters can be read independently of one another. It will serve as an excellent reference manual.
9 of 9 people found the following review helpful
A mostly complete bridge across a chasm 14 Jun 2005
By J. Loscheider - Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
In future editions it'd be helpful to have a stronger discussion of imperfect markets. Hubbard's neo-classicism is what made G W Bush pick him to lead the Council of Economic Advisors. But to get a more full picture of finance (especially on the international scale) one should read this side by side with Stiglitz's "Globalization and its Discontents".

This is a great book for undergrads who are not economics majors - the market features are covered effectively, thoroughly, and without the jargon that characterizes most exchanges between seasoned economists.

This is a decent book for undergrad econ majors, although by the time most of us get around to Money & Banking or Financial Economics, we've had intermediate macro and micro and are juniors looking forward to internships. Still, the presentation is not overly complex, and the assumption that the student is a beginner does indeed help for those who missed a full grasp of some of the finer points of theory.

This is not a great book for grad students, although there really aren't any great books for grad students in financial econ. MBA students will focus more in detail on the derivative and futures markets, particularly in terms of pricing assets. MSF students have their modeling books. Econ students really have to turn to the journals to broaden their scope in terms of theory, and especially to find answers to the "What if's" of imperfect markets.

Written by a grad student in Economics at the University of Missouri - St. Louis
2 of 2 people found the following review helpful
Avoid the 6th Edition Paperback 26 Jan 2011
By J. Yuen - Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
Avoid the 6th Edition paperback version of this textbook if you can. The problem with this edition is that it was clearly photocopied from some source. My classmates and I noticed numerous errors in copies we purchased from both Amazon and our school's bookstore, which made us all wonder if a pirated copy slipped into the stores' inventories. Unfortunately, that was not the case because each of us has noticed the following problems with our copies:

1. The clearest evidence of this is that someone wrote on the original page 87 and his or her writing has now been preserved in every single copy.

2. There are vertical lines that indicate the edge of whatever sheet was photocopied.

3. Words are smudged and the contrast is poor in the text boxes, which use a dark background, making some parts difficult to read.

Charging so much for a photocopied textbook should be a crime. Sadly, it isn't to my knowledge so all I can say is avoid the paperback 6th edition and try to find a used copy as cheaply as possible.
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