The Financial System and the Economy: Principles of Money and Banking, 4th ed

Reference & Research Book News, August, 2005

HG173

2004-113641

0-324-28881-6

The financial system and the economy; principles of money & banking, 4th ed.

Burton, Maureen and Ray Lombra.

South-Western College Pub., [c]2006

695 p.

$125.95

This text offers discussions on theory, institutions, and policy as they relate to changes in the financial system, as well as an analytical foundation for understanding these changes. Chapters include examples, historical and international perspectives, and projections, covering topics including the Federal Reserve System, financial institutions and markets, and monetary theory and policy. In this fourth edition, Burton (economics, California State Polytechnic University) and Lombra (economics, Pennsylvania State University) provide greater coverage of technological change, the Federal Reserve, the securities industry, financial holding companies, and equity and debt markets, and a more detailed analysis of the efficient market hypothesis. This text is designed for introductory courses in money and banking as well as financial market analysis.