Rick Mishkin is een Amerikaanse econoom wiens werk zich richt op monetair beleid en de effecten ervan op financiële markten en de bredere economie. Zijn onderzoek duikt in de ingewikkelde verbanden tussen beslissingen van centrale banken en het bredere economische landschap. Door zijn analyses draagt hij bij aan een dieper begrip van de mechanismen die economische stabiliteit en groei beïnvloeden. Zijn expertise biedt waardevolle inzichten in de werking van moderne financiële systemen.
By applying an analytical framework to the patient, stepped-out development of models, Mishkin draws students into a deeper understanding of modern monetary theory, banking and policy. His combination of common sense applications with current events provides comprehensive coverage in an informal tone students appreciate.
The Pearson Global Edition offers tailored content designed to resonate with students internationally, reflecting the collaborative efforts of educators worldwide. This edition focuses on enhancing the educational experience by incorporating diverse perspectives and relevant material that extends beyond the typical U.S. curriculum.
The book explores the evolving dynamics of financial markets and institutions through a practical lens. By introducing core principles and applying them to real-world scenarios, it emphasizes empirical applications that enhance critical-thinking and problem-solving skills. This approach equips readers with a deeper understanding of the financial landscape and prepares them for real-world challenges in the field.
Argues that financial globalization is essential for poor nations to become rich. This book argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries.