Description

Features

• An accessible presentation of theory complements a contemporary focus on current events and recent research.
• An integration of international topics throughout gives students an appreciation for economic events on a global scale.
• The latest data in tables, figures, and text presentation are included, along with extensive news updates in Using the News and Moving From Theory to Practice features.
• Hallmark pedagogical features connect theory to practice:
• Moving from Theory to Practice boxes at the end of each chapter, 100 percent of which have been revised for the Sixth Edition, help students learn to critically analyze news stories about the financial system and the economy.
• Chapter openers show students the real-world relevance of the chapter, and then follow up with an overview of topics that students will need to learn in the chapter.
• Checkpoints at key points in each chapter test students’ understanding by applying the theory to real-world situations.
• Consider This boxes provide the related current events or research, sparking interesting classroom discussions through these timely boxed features.
• Other Times, Other Places boxes link the theory to historical events or developments in other countries.
• Using the News excerpts present data from the Wall Street Journal and other financial sources, showing students how to read and interpret data, and how to predict changes within the financial system and the economy. A majority of these features have been revised for the Sixth Edition.
• Case Studies conclude most chapters with detailed descriptions of recent events that extend the theory in the chapter.
• Web references in the margin direct students to sites with information or data to supplement the text material.
• Summary tables present easy-to-understand explanations of the causes and effects of changes within the financial system and the economy, frequently using small analytical diagrams to reinforce relationships visually.
• Process diagrams illustrate the economic forces that shape events, institutions, and markets. Basic diagrams are modified and repeated so that students internalize the model and begin to make predictions based on it.
• Analytical graphs demonstrate the principles and factors underlying events in the financial system and the economy using color to functionally illustrate change.
• End-of-chapter summaries present key terms and concepts, summarizing the main points of the chapter to help students study.
• Three types of end-of-chapter exercises:
• Review Questions test students’ recall of concepts and events.
• Analytical Problems ask students to apply the theory to specific cases and events.
• Data Questions ask students to collect data from web-based sources and use them to evaluate an economic argument.

New To This Edition

• One hundred percent of the Moving from Theory to Practice features—one per chapter—are new to this edition. These include the latest examples of financial events from sources like the Wall Street Journal, the New York Times, the Financial Times, and other financial publications. Examples include:
  
• Why the U.S. household saving rate is so low (Chapter 3)
  
• Whether the yield curve can forecast a recession (Chapter 7)
  
• China's growing banking problems (Chapter 15)
  
• Economic tools Fed Chairman Bernanke uses to communicate with markets (Chapter 20)
• Risks of inflation in the United States (Chapter 25)
  
• Recent developments in financial markets and institutions and the international money and financial system are included throughout. These developments include:
  

• The banking and financial crisis in Japan
• The recent Basel II approach to capital requirements and risk management
• The Sarbanes-Oxley Act of 2002 and the subsequent calls for its reform
  

• The analysis of futures, options, and swaps in Chapter 9, Derivative Securities and Derivative Markets, now emphasizes the role of derivatives in risk management.
• All data references in the text, tables, and figures are updated and current.
• The majority of the Using the News boxes are new.

Table of Contents

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

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Companion Website for Money, The Financial System, and the Economy, 6/E
Hubbard
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321487478  |  ISBN-13: 9780321487476
This online resource is available at no cost at http://www.aw-bc.com/hubbard.
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Online Instructor's Manual for Money, The Financial System, and the Economy, 6/E
Hubbard
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321487494  |  ISBN-13: 9780321487490

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Hubbard
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321487486  |  ISBN-13: 9780321487483

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PowerPoint for Money, The Financial System, and the Economy, 6/E
Hubbard
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321489349  |  ISBN-13: 9780321489340

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Hubbard
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321489330  |  ISBN-13: 9780321489333
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Companion Website for Money, The Financial System, and the Economy, 6/E
Hubbard
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321487478  |  ISBN-13: 9780321487476
This online resource is available at no cost at http://www.aw-bc.com/hubbard.
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Exam Copy for Money for The Financial System for and the Economy, 6/E
Hubbard
©2008  |  Prentice Hall  |  Cloth; 768 pp  |  Instock
ISBN-10: 0321489322  |  ISBN-13: 9780321489326
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Instructor's Resource Disk for Money, The Financial System, and the Economy, 6/E
Hubbard
©2008  |  Prentice Hall  |  CD-ROM Only  |  Instock
ISBN-10: 0321490967  |  ISBN-13: 9780321490964
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Companion Website for Money, The Financial System, and the Economy, 6/E
Hubbard
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321487478  |  ISBN-13: 9780321487476
This online resource is available at no cost at http://www.aw-bc.com/hubbard.
More Info

Companion Website for Money, The Financial System, and the Economy, 6/E
Hubbard
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321487478  |  ISBN-13: 9780321487476
This online resource is available at no cost at http://www.aw-bc.com/hubbard.
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