Looking for an examination copy?
If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact firstname.lastname@example.org providing details of the course you are teaching.
Traditional money and banking textbooks are long, expensive, and full of so much institutional and technical modeling detail that students cannot understand the big picture. Thomas F. Cargill presents a new alternative: a short, inexpensive book without the 'bells and whistles' that teaches students the fundamentals in a clear, narrative form. In an engaging writing style, Cargill explains the three core components of money and banking, and their interactions: 1) the financial system, 2) government regulation and supervision, and 3) central bank policy. Cargill focuses on the interaction between government financial policy and central bank policy and offers a critique of the central bank's role in the economy, the tools it uses, how these tools affect the economy, and how effective these policies have been, providing a more balanced perspective of government policy failure versus market failure than traditional textbooks.Read more
- Provides resources for any course offering an overview of money and banking with limited technical modeling
- Includes an online test bank so instructors can create exams keyed to the book chapters
- Uses a five-step sequence to teach students about central banks and central bank policy
Reviews & endorsements
'This text is truly an original approach to the topic. Cargill analyses the role of markets, regulation, and monetary policy to illuminate the financial system for students. His inclusion of Public Choice Theory is innovative. He unites the work of thinkers as diverse as John Taylor and Hyman Minsky to produce a coherent analysis of the modern financial system. I highly recommend it.' Gerald P. O’Driscoll, Jr, Cato Institute, Washington, DC, and former vice president at the Federal Reserve Bank of Dallas, and CitigroupSee more reviews
'Professor Cargill’s book offers a refreshing new look at the US financial system, regulation, and operations of the Federal Reserve System. By emphasizing political economy and historical aspects, this book encourages students to look beyond traditional macro models and into the actual formulation, working operations and limitations of financial and monetary policy.' Michael M. Hutchison, University of California, Santa Cruz
'Combining a nice mix of economic theory, institutional analysis and historical perspective, and bringing to bear a life-time of research and study, Thomas F. Cargill explains in a very comprehensive and clear way how the modern financial system works to support the real economy and how it is influenced by government regulation and monetary policy. Not only teachers and students of money and banking, but any engaged citizen wishing to bolster their financial literacy will find this authoritative volume tremendously valuable.' Paul Sheard, Chief Economist, S&P Global
'This book is a great introduction to basic concepts about money and banking in a real world context of politics and regulation. Students in my financial regulation courses will now have a non-technical book they can read as background to regulatory and policy debates.' Hal S. Scott, Nomura Professor and Director of the Program on International Financial Systems (PIFS), Harvard Law School
'Professor Cargill’s new book is a welcome addition to the stock of knowledge on financial matters and monetary policy. It fills a gap in the literature in providing a condensed, accessible and yet rigorous integration of strands of literature in financial and monetary economics that are seldom presented together in a unified framework. A great effort!' Federico Guerrero, University of Nevada
'Professor Cargill has incorporated his many years of teaching and working experience in international finance and monetary markets into this textbook making it very comprehensive, succinct, and well-structured. Although with very little background on finance, I find this book captivating and very easy to understand.' Thanh Phan, Director of Marketing and Recruitment, and Executive MBA Program in Vietnam, Shidler College of Business, University of Hawai’i
Not yet reviewed
Be the first to review
Review was not posted due to profanity×
- Date Published: October 2017
- format: Hardback
- isbn: 9781107035676
- length: 422 pages
- dimensions: 261 x 183 x 26 mm
- weight: 1.06kg
- contains: 34 b/w illus. 45 colour illus.
- availability: Available
Table of Contents
Part I. Introduction to the Financial and Monetary Regime:
1. The financial and monetary regime
2. Basic concepts regarding money
Part II. The Financial System Component of the Financial and Monetary Regime:
3. The financial system and the country's flow of funds
4. Interest rates in the financial system
5. The level of interest rates
6. The structure of interest rates
7. International dimensions of the financial system
Part III. The Role of Government in the Financial and Monetary Regime:
8. The basic roles of government in the financial and monetary regime
9. Regulation and supervision of the financial system
10. A short history of the US financial and monetary regime in action
Part IV. Five Steps to Understanding Central Banks and Central Bank Policy:
11. The five steps and step 1 - the institutional design of the central bank
12. Central banks, base money and the money supply
13. Step 2 - tools of monetary policy and step 3 - monetary policy instruments
14. Step 4 - the central bank model of the economy
15. Step 5 – final policy targets
16. Monetary policy tactics, strategy and rules versus discretion
Part V. Performance of the US financial and monetary regime:
17. Four important periods in the US financial and monetary regime.
Find resources associated with this titleYour search for '' returned .
Type Name Unlocked * Format Size
*This title has one or more locked files and access is given only to instructors adopting the textbook for their class. We need to enforce this strictly so that solutions are not made available to students. To gain access to locked resources you either need first to sign in or register for an account.
These resources are provided free of charge by Cambridge University Press with permission of the author of the corresponding work, but are subject to copyright. You are permitted to view, print and download these resources for your own personal use only, provided any copyright lines on the resources are not removed or altered in any way. Any other use, including but not limited to distribution of the resources in modified form, or via electronic or other media, is strictly prohibited unless you have permission from the author of the corresponding work and provided you give appropriate acknowledgement of the source.
If you are having problems accessing these resources please email email@example.com
Sorry, this resource is locked
Please register or sign in to request access. If you are having problems accessing these resources please email firstname.lastname@example.orgRegister Sign in
You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.Continue ×