Contemporary Money, Banking, and Financial Markets

This text takes a real-world, policy-oriented approach to money, banking, and financial markets. It emphasizes the "two pillars of economics." That is, it is built around what motivates participants in an economy to behave in a certain way and how they interact with each other in the marketplace. Boxed features in the book help highlight the authors vast experience at the Federal Reserve. The boxes include FedWatch, MarketWatch, and GlobalWatch which all emphasize real-world incidents.