Money and Banking

Listen to a podcast here of Robert discussing his textbook and gain perspective on why he wrote a Money and Banking text.

The financial crisis of 2007-8 has already revolutionized institutions, markets, and regulation. Wright and Quadrini's Money and Banking captures those revolutionary changes and packages them in a way that engages undergraduates enrolled in Money and Banking and Financial Institutions and Markets courses.

Minimal mathematics, accessible language, and a student-oriented tone ease readers into complex subjects like money, interest rates, banking, asymmetric information, financial crises and regulation, monetary policy, monetary theory, and other standard topics. Numerous short cases, called "Stop and Think" boxes, promote internalization over memorization. Exercise drills ensure basic skills competency where appropriate. Short, snappy sections that begin with a framing question enhance readability and encourage assignment completion.

Recent financial turmoil has increased student interest in the financial system but simultaneously threatens to create false impressions and negative attitudes. This up-to-date text by a dynamic, young authorial team encourages students to critique the financial system without rejecting its many positive attributes.

• Chapter 1: Money, Banking, and Your World
• Chapter 2: The Financial System
• Chapter 3: Money
• Chapter 4: Interest Rates
• Chapter 5: The Economics of Interest-Rate Fluctuations
• Chapter 6: The Economics of Interest-Rate Spreads and Yield Curves
• Chapter 7: Rational Expectations, Efficient Markets, and the Valuation of Corporate Equities
• Chapter 8: Financial Structure, Transaction Costs, and Asymmetric Information
• Chapter 9: Bank Management
• Chapter 10: Innovation and Structure in Banking and Finance
• Chapter 11: The Economics of Financial Regulation
• Chapter 12: The Financial Crisis of 2007–2008
• Chapter 13: Central Bank Form and Function
• Chapter 14: The Money Supply Process
• Chapter 15: The Money Supply and the Money Multiplier
• Chapter 16: Monetary Policy Tools
• Chapter 17: Monetary Policy Targets and Goals
• Chapter 18: Foreign Exchange
• Chapter 19: International Monetary Regimes
• Chapter 20: Money Demand
• Chapter 21: IS-LM
• Chapter 22: IS-LM in Action
• Chapter 23: Aggregate Supply and Demand, the Growth Diamond, and Financial Shocks
• Chapter 24: Monetary Policy Transmission Mechanisms
• Chapter 25: Inflation and Money
• Chapter 26: Rational Expectations Redux: Monetary Policy Implications