A unifying, analytic framework that uses a few basic economic principles to organize students’ thinking about the structure of financial markets, the foreign exchange markets, financial institution management, and the role of monetary policy in the economy
A careful, step-by-step development of models (an approach found in the best principles of economics textbooks), which makes it easier for students to learn
The complete integration of an international perspective throughout the text
A thoroughly up-to-date treatment of the latest developments in monetary theory
A special feature called “Following the Financial News” to encourage reading of financial newspaper
An applications-oriented perspective with numerous applications and special-topic boxes that increase students’ interest by showing them how to apply theory to realworld examples