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内容简介:
This is a Pearson Global Edition.
The Pearson editorial team worked closely with educators around the world to include content especially relevant to students outside the United States.
The Economics of Money, Banking, and Financial Markets set the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader.
The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today’s students.
By applying a unified analytical framework to the models, Mishkin makes theory intuitive for students, and the rich array of current, real-world events keeps students motivated. Authoritative, comprehensive, and flexible, the text is easy to integrate into a wide variety of syllabi, and its ancillaries provide complete support when teaching the course.
For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, the Business School Edition is the ideal alternative. Learn more here.
MyEconLab® is available for the text, so students can work end-of-chapter problems online and their work is automatically graded and tracked in your online gradebook. To see how instructors can use MyEconLab in their courses, click here. For more information or to request access, visit MyEconLab.
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原文赏析:
“在一个没有信息成本和交易成本的世界里,金融中介机构不会存在。”这句话是对的?错的?还是不能肯定?请做出解释。
银行和其他金融机构作为资金融通的渠道,将资金从无生产性用途的人们手中转移到有生产性用途的人们手中,在提高经济运行效率方面扮演了重要角色。
预期通货膨胀率的变化会影响汽车和住宅等有形资产(又称为实物资产)的预期回报率,进而影响对债券的需求。假定预期通货膨胀率从5%上升到10%,就会导致未来较高的汽车和住宅价格,从而增大名义资本利得率。这些实物资产预期回报率的增长会引起债券相对于实物资产预期回报率的下降,进而减少债券需求量。另一方面,我们也可以认为预期通货膨胀率的上升相当于降低了债券的实际利率,引起债券相对预期回报率的下降,从而导致对债券需求的减少。预期通货膨胀率的上升降低了债券的预期回报率,导致债券需求下降,债券需求曲线向左位移。
除了这里提到的东西,我还觉得,预期通货膨胀也在未来稀释了财富,而财富的降低会降低需求量。那么黄金呢?
其它内容:
书籍介绍
This is a Pearson Global Edition. The Pearson editorial team worked closely with educators around the world to include content especially relevant to students outside the United States. The Economics of Money, Banking, and Financial Markets set the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader.
The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today’s students.
By applying a unified analytical framework to the models, Mishkin makes theory intuitive for students, and the rich array of current, real-world events keeps students motivated. Authoritative, comprehensive, and flexible, the text is easy to integrate into a wide variety of syllabi, and its ancillaries provide complete support when teaching the course.
For professors who teach with less emphasis on monetary theory and prefer to focus more time on financial institutions, the Business School Edition is the ideal alternative. Learn more here.
MyEconLab ® is available for the text, so students can work end-of-chapter problems online and their work is automatically graded and tracked in your online gradebook. To see how instructors can use MyEconLab in their courses, click here. For more information or to request access, visit MyEconLab
MyLab或是Mastering系列是在线作业系统。Access Code Card是在线作业系统的访问码,是老师和学生课堂之外网络互动及交流的平台,个人是无法使用这个平台的。请读者注意您购买的这个ISBN是不带Access Code Card的。
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