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Money, the Financial System, and the Economy plus MyEconLab Student Access Kit, 5/E
R. Glenn Hubbard, Columbia University

ISBN-10: 032124639X
ISBN-13: 9780321246394

Publisher: Prentice Hall
Copyright: 2005
Format: Cloth Package; 0 pp
Published: 05/05/2004
Status: Out of Print

Suggested retail price: $148.67

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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.

Accessible presentation of theory with a contemporary focus on current events and recent research.

Integration of international topics throughout.

Pedagogy—a variety of pedagogical features with an applied emphasis.

Consider This—Using current events or research, the author sparks interesting classroom discussion through these timely boxed discussions. New discussion include the impact of 9/11 on stock prices, the trade offs presented by the expansions of deposit insurance around the globe, and whether currency boards are likely to be successful in Argentina.

Other Times, Other Places—These boxes extend the chapter's economic approach to historical events or developments in other countries.

Using the News—Excerpts present data from the WSJ and other sources.

Case Studies—Chapters conclude with detailed descriptions of recent events that extend the theory in the chapter. Included are new discussions of bubble-like tendencies of the boom & bust of the NASDAQ traded technology stocks, corporate governance initiatives in the wake of the 2001-2002 accounting scandals, including the Sarbanes-Oxley Act of 2002, and the U.S. debate over inflation targeting.

Moving from Theory to Practice—Placed at the end of each chapter, this feature consists of an actual news article, followed by a section that uses the chapter's principles to evaluate the article. These are all NEW in this edition and examine issues such as the boom in mortgage financing fueled by 40-year lows in interest rates, the debate over the notion that higher deficits mean higher interest rates, and the role of the viable banking firms in rebuilding Iraq.

Includes the latest data in tables, figures, and text presentation, along with all NEW Moving From Theory to Practice features in every chapter.

New coverage of corporate accounting scandals in Chapter 10, Information and Financial Market Efficiency.

New coverage of development in the international financial system in Chapter 22, The International Financial System and Monetary Policy.

New coverage of the recent recession in Chapter 24, Linking the Financial System and the Economy: The IS-LM-FE Model, and Chapter 25, Aggregate Demand and Aggregate Supply.

Expanded discussion of deflation in Chapter 26, Money and Output in the Short Run, and Chapter 28, Inflation: Causes and Consequences, as well as a new case study related to deflation.

New coverage of the Federal Funds Market and short-term interest rate determination.

New discussion of international capital markets and the causes and consequences of financial crises with an emphasis on emerging markets and debates over the IMF.

New emphasis on the Internet, with Internet Resources in the margins, and Web addresses cited within the end-of-chapter Data Questions.

Access to MyEconLab, a state-of-the-art online resource is free with each new book. MyEconLab gives students tools for understanding economics. Instructors save time and can tailor the materials to their courses.

I. INTRODUCTION.

1. Introducing Money and the Financial System.

2. Money and the Payments System.

3. Overview and the Financial System.

II. INTEREST RATES.

4. Interest Rates and Rates of Return.

5. The Theory of Portfolio Allocation.

6. Determining Market Interest Rates.

7. Risk Structure and Term Structure of Interest Rates.

III. FINANCIAL MARKETS.

8. The Foreign Exchange Market and Exchange Rates.

9. Derivative Securities and Derivative Markets.

10. Information and Financial Market Efficiency.

11. Reducing Transactions Costs and Information Costs.

IV. FINANCIAL INSTITUTIONS.

12. What Financial Institutions Do.

13. The Business of Banking.

14. The Banking Industry.

15. Banking Regulation: Crisis and Response.

16. Banking in the International Economy.

V. THE MONEY SUPPLY PROCESS AND MONETARY POLICY.

17. The Money Supply Process.

18. Changes in the Monetary Base.

19. Organization of Central Banks.

20. Monetary Policy Tools.

21. The Conduct of Monetary Policy.

22. The International Financial System and Monetary Policy.

VI. THE FINANCIAL SYSTEM AND THE MACROECONOMY.

23. The Demand for Money.

24. Linking the Financial System and the Economy: The IS-LM-FE Model.

25. Aggregate Demand and Aggregate Supply.

26. Money and Output in the Short Run.

27. Information Problems and Channels for Monetary Policy.

28. Inflation: Causes and Consequences.

Money and Banking (Economics)

Money, the Financial System, and the Economy, 6/E
Hubbard
©2008 | Prentice Hall | Cloth; 768 pp | Instock
ISBN-10: 0321426703 | ISBN-13: 9780321426703
Brief Description | Buy from myPearsonStore

Hubbard demonstrates how we use economic tools to understand financial markets and institutions. In doing so, he helps students learn to interpret current events, predict future developments, and make better economic decisions. The Sixth Edition continues to offer clear, concise discussions of the theory and the latest data, policy discussions, and real-world applications.

Preview online! An interactive tour of Money, the Financial System, and the Economy is available here.

Companion Website, 5/E
Hubbard
©2005 | Prentice Hall | Website; 0 pp | Instock
ISBN-10: 0321237862 | ISBN-13: 9780321237866

MyEconLab, 5/E
Hubbard
©2005 | Prentice Hall | On-line Supplement; 0 pp | Instock
ISBN-10: 0321237900 | ISBN-13: 9780321237903
URL: http://www.myeconlab.com

Availability: Retired | Student Access Type: Access Code Required
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Companion Website, 5/E
Hubbard
©2005 | Prentice Hall | Website; 0 pp | Instock
ISBN-10: 0321237862 | ISBN-13: 9780321237866

Computerized Test Bank, 4/E
Hubbard
©2005 | Prentice Hall | On-line Supplement; 0 pp | Out of Stock
ISBN-10: 032123801X | ISBN-13: 9780321238016
View Downloadable Files

Online Instructor's Manual, 5/E
Hubbard
©2005 | Prentice Hall | On-line Supplement; 0 pp | Instock
ISBN-10: 0321226550 | ISBN-13: 9780321226556
View Downloadable Files

Online PowerPoint Transparencies, 5/E
Hubbard
©2005 | Prentice Hall | On-line Supplement; 0 pp | Instock
ISBN-10: 0321237935 | ISBN-13: 9780321237934
View Downloadable Files

Online Test Bank, 5/E
Hubbard
©2005 | Prentice Hall | On-line Supplement; 0 pp | Instock
ISBN-10: 0321237943 | ISBN-13: 9780321237941
View Downloadable Files

Companion Website, 5/E
Hubbard
©2005 | Prentice Hall | Website; 0 pp | Instock
ISBN-10: 0321237862 | ISBN-13: 9780321237866

This package contains:
• Hubbard, Money, the Financial System, and the Economy, 5/E (2005)
• Hubbard, MyEconLab Student Access Kit, 5/E (2005)

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students contact your Pearson Higher Education representative.