Economics of Money, Banking and Financial Markets, Seventh Canadian Edition Frederic
S. Mishkin
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THE ECONOMICS OF MONEY, BANKING, AND FINANCIAL MARKETS
SEVENTH CANADIAN EDITION
FREDERIC S. MISHKIN APOSTOLOS SERLETIS
COLUMBIA UNIV ER SITY UN IVERSITY OF CALGARY
Pea rson Cana da Inc., 2 6 Prince And rew Place, No rth Yo rk , O n ta rio M3C 2H 4.
Cop yri ght © 2020 , 201 7 , 2014 Pearson Can a d a Inc . A ll righ ts r eserved.
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Au tho ri ze d ad a ptation fro m Eco nomics o f Mo ney, Ba nki ng and Finan cial Ma rke ts, Twe lft h Editio n , Co p yr igh t © 20 19, Pea rson Ed ucation, Inc . , H oboken, N ew j ersey, USA . Used by permission . All r igh ts reserved . T h is edition is autho rized for sale only in Canad a
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ISBN 978 -0 - 13 -48 2122-1
2 0
Lib ra r y a nd Archives Canada Ca ta logu ing in Pub licati o n
Mishkin , Freder ic S., au tho r
Th e economics o f mo ney, banki ng a nd fi n an cia l marke ts I Frederic S. Mishki n , Columb ia Univers it y, Apos to los Serletis, Univers ity o f Ca lgary. Sevent h Canadian edition.
In cludes bi bliogra phical refe rences and in dex. ISBN 978 -0 - 13 -4821 22 - 1 (softcove r)
1. Fin an ce--Textb ooks. 2. Mo ney-Textboo ks 3. Ba nks a nd banking-Textbooks. 4. Textbooks . I. Se rletis, Apostolos , 19 5 4, aut h or II . Title .
HG1 73.M58 2 018 33 2 C 2 018 -90 4038-6
To Aglaia
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CHAPTER 6
CHAPTER 7
Financial Institutions 167
CHAPTER 9
Economic
Global
Mylab ECONOMICS APPENDIX 15.1
The Bank of Canada's Balance Sheet and the Monetary Base
Mylab ECONOMICS APPENDIX 15.2
The M2+ Money Multiplier
Mylab ECONOMICS APPENDIX 15.3
The
CHAPTER 16
CHAPTER 17
APP EN DIX TO CHAPTER 18
CHAPTER 19
Disad vantages o f Exchange -Rate Targeting
When l s Exc h an ge-Rate Ta rgeting Desirable for Industria liz ed Cou ntries?
When l s Exc h an ge -Rate Targe ting Desirable for Eme rging Market Count r ies? C
Monetary Theory 518
CHAPTER 20
Mylab ECONOMICS APPENDIX 20.1 The
Mylab ECONOMICS APPENDIX 20.2 Empirical Evidence on the Demand
CHAPTER 22
CHAPTER 23
Mylab ECONOMICS APPENDIX
The
Mylab ECONOMICS APPENDIX 23.2
Aggregate Demand and Supply: A Numerical Examp le
Mylab ECONOMICS APPENDIX 23.3
The
Mylab
The
CHAPTER 25
