Economics of Money, Banking and Financial Markets

Key differences between 11th and 10th editions

• Period between previous and current publications: 3 years (2015 vs 2012).
• The First edition of Mishkin's Economics textbook was originally published in 1986.
• Eleventh Edition incorporates many additional material and up-to-date information:
• Will Bitcoin really become the major currency in the future? (Ch.3)
• Economic and fiscal effects of Obama tax hikes (Ch.6)
• Random walk behavior of exchange rates (Ch.7)
• FYI box on the tyranny of collateral (Ch.8)
• Shadow banking system (Ch.11)
• Quantitative easing monetary policy and the money supply, 2007-2014 (Ch.14)
• Forward guidance (Ch.15)
• ECB?s monetary policy (Ch.16)
• How Euro will survive its crisis (Ch.18)
• Movement along the MP (Monetary-Policy) curve when fed funds target rate was increased in 2004-2006 (Ch.21)
• Nominal Gross Domestic Product target (nominal income target) (Ch.24)