Economics of Money, Banking - Global Edition

By using real-world examples and accessible text, it enhances critical thinking related to economic principles.

Graphics simplify complex ideas and aid in visual learning, making economic concepts easier to comprehend.

Everyday examples and concerns are emphasized to relate economic applications to students' lives.

<p>The text uses clear definitions and straightforward language, making complex concepts understandable for students.</p> Signup and view all the answers

<p>The focus on real-world applications is a key aspect that reinforces the learning of economic principles.</p> Signup and view all the answers

<p>The three stages are Initial Phase, Banking Crisis, and Debt Deflation.</p> Signup and view all the answers

<p>The Initial Phase is characterized by rising economic imbalances and often includes speculative bubbles.</p> Signup and view all the answers

<p>It highlighted the vulnerabilities of interconnected economies and the impact of national debts on global stability.</p> Signup and view all the answers

<p>The Banking Crisis often leads to a loss of confidence in financial institutions, resulting in a credit crunch.</p> Signup and view all the answers

<p>The Great Depression serves as a historical example of severe financial crisis dynamics, illustrating the long-term consequences of mismanaged financial systems.</p> Signup and view all the answers

<p>Key causes included excessive risk-taking by financial institutions, the housing price bubble, and inadequate regulatory oversight.</p> Signup and view all the answers

<p>Bank failures led to a loss of consumer confidence, reduced lending, and worsened the economic contraction.</p> Signup and view all the answers

<p>CDOs were used to repackage high-risk mortgage debts, spreading financial risk and ultimately exacerbating losses when defaults increased.</p> Signup and view all the answers

<p>The crisis triggered a significant worldwide decline in asset prices, leading to massive losses for investors and institutions.</p> Signup and view all the answers

<p>Economic contraction occurred as consumer spending and investment dropped, while debt deflation was triggered by falling asset prices which led to an increase in real debt burdens.</p> Signup and view all the answers

<p>He is the Alfred Lerner Professor of Banking and Financial Institutions at Columbia University's Graduate School of Business.</p> Signup and view all the answers

<p>He has taught at the University of Chicago, Northwestern University, Princeton University, and Columbia University.</p> Signup and view all the answers

<p>He was Executive Vice President and Director of Research at the Federal Reserve Bank of New York and a member of the Board of Governors of the Federal Reserve System.</p> Signup and view all the answers

<p>His research focuses on monetary policy and its impact on financial markets and the aggregate economy.</p> Signup and view all the answers

<p>He received his Ph.D. from the Massachusetts Institute of Technology (MIT).</p> Signup and view all the answers

<p>He is a Research Associate at the National Bureau of Economic Research.</p> Signup and view all the answers

<p>He received an honorary professorship from the People’s (Renmin) University of China.</p> Signup and view all the answers

<p>He is co-director of the U.S. Monetary Policy Forum.</p> Signup and view all the answers

<p>Negative interest rates refer to a monetary policy tool where interest rates fall below zero, making borrowing cheaper and savings less attractive. The highlighted countries include Japan, the United States, and various European nations.</p> Signup and view all the answers

<p>The new section in Chapter 1 aims to help students understand the connection between money, banking, and financial markets and how these concepts can advance their careers.</p> Signup and view all the answers

<p>Chapters 12 and 13 cover the worldwide decline in asset prices and bank failures across various European countries.</p> Signup and view all the answers

<p>The 1997–98 financial crisis in South Korea is discussed, highlighting significant economic challenges during that period.</p> Signup and view all the answers

<p>Chapter 14 explores the European Central Bank, the People’s Bank of China, and the Bank of Japan, focusing on their origins, structure, and functions.</p> Signup and view all the answers

<p>The global box features emphasize significant international economic events, such as the European sovereign debt crisis and Latvia’s expansionary contraction.</p> Signup and view all the answers

<p>This special edition is tailored for students outside the United States and Canada by incorporating internationally relevant topics and examples.</p> Signup and view all the answers

<p>The discussion of bank failures in countries like Belgium and Germany implies a need for stronger financial regulation to prevent future crises.</p> Signup and view all the answers

<p>Item Analysis.</p> Signup and view all the answers

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<p>The number of correct/incorrect answers, time on task, and median time spent on questions.</p> Signup and view all the answers

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<p>It ensures that the course is aligned with essential educational standards.</p> Signup and view all the answers

<p>It simplifies the process of monitoring and analyzing student performance.</p> Signup and view all the answers

<p>To facilitate enhanced learning through detailed performance tracking.</p> Signup and view all the answers

<p>It reflects the middle value of time spent by students on a specific question.</p> Signup and view all the answers

<p>Trends can guide adjustments in instructional strategies to meet student needs.</p> Signup and view all the answers

<p>Business schools and other educational institutions focusing on economics.</p> Signup and view all the answers

<p>It provides a transparent view of course performance metrics.</p> Signup and view all the answers

<p>Macroeconomics, Microeconomics, and Econometrics.</p> Signup and view all the answers

<p>It helps instructors identify common misconceptions and knowledge gaps.</p> Signup and view all the answers

<p>By correlating with AACSB Standards, it meets modern requirements for quality education.</p> Signup and view all the answers

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The study of how money, banking, and financial markets work, with an emphasis on practical applications and real-world examples.

Helping students learn how to use economic knowledge in real-world situations, like making financial decisions.

Examples from real life that make economic concepts more relevant and relatable.

Simple and clear explanations that make complex economic topics easy to understand.

Visual aids like charts and diagrams that simplify economic concepts.

This special edition of the book is tailored for students outside of North America. It includes relevant content and examples from around the world.

The book explores how lower interest rates, even negative ones, impact economies in different countries like Japan, Europe, and the USA.

This financial crisis involved countries like Greece, Ireland, and Portugal struggling to repay their debts.

Latvia's unusual economic strategy focused on reducing spending while simultaneously attempting to stimulate growth.

This event in 1997-98 showed how economic shocks can spread globally, impacting countries like South Korea.

The book explains how money, banking, and financial markets work together to form the foundation of a modern economy.

The book provides insights into the origins, structure, and functions of major central banks like the European Central Bank.

The book examines the global impact of declining asset prices, bank failures, and international crises.

A situation where a country's financial system experiences widespread distress and instability, leading to a decline in economic activity.

The initial stage of a financial crisis, often triggered by a shock to the financial system, such as a sharp rise in interest rates or a decline in asset prices.

The second stage of a financial crisis, where banks and other financial institutions experience a loss of confidence and liquidity, leading to widespread failures.

The third stage of a financial crisis, where falling prices and declining economic activity create a vicious cycle of debt and deflation.

The most severe financial crisis in modern history, which originated in the United States in 1929 and spread globally.

The study of how money, banking, and financial markets operate, emphasizing real-world examples and applications.

The process of creating flashcard content.

The Alfred Lerner Professor of Banking and Financial Institutions at Columbia University.

A position held by someone who has significant knowledge and experience in a specific field, often at a university.

The process of improving the understanding of a concept through simple explanations and relatable examples.

Visual representations like charts and diagrams that simplify and clarify complex concepts.

A system used to identify and organize books and other publications, allowing them to be found in libraries and online.

A numerical code used for identifying a specific book or publication.

A significant drop in the value of assets like stocks, bonds, and real estate across a wide range of markets.

The failure of financial institutions, primarily banks, due to insufficient capital, risky lending practices, and a decline in asset values.

A sharp contraction in economic activity, often accompanied by a decline in prices, leading to a decrease in overall output and employment.

The process of issuing and trading financial instruments backed by a pool of underlying assets, such as mortgages.

A type of derivative that allows investors to speculate on the creditworthiness of a borrower. It involves an agreement to pay a certain amount if the borrower defaults on their debt.

The MyLab Gradebook is a tool that helps instructors and students see how students are performing in a course.

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These standards are used to gauge how well students are prepared for leadership roles in the business world.

MyLab Economics is designed to help instructors track student progress towards achieving the AACSB Standards, ensuring they are well-prepared for their future careers.

MyLab Economics is an online platform that offers various resources for students and instructors in economics courses. It includes interactive learning tools, assessments, and a gradebook.

The MyLab Gradebook allows instructors to see detailed information, including correct/incorrect answers, time spent on tasks, and average time on questions.

By analyzing student performance, Item Analysis can highlight areas where students are struggling and help instructors tailor their teaching strategies accordingly.

Tracking student progress towards the AACSB Standards ensures that they are developing the skills and knowledge necessary to become successful business leaders.

The AACSB Standards are a set of guidelines that define what a high-quality business education should include. They cover topics like critical thinking, ethical decision-making, and communication.

MyLab Economics can provide instructors with valuable insights into student progress and areas where they need additional support. This information can help instructors tailor their teaching strategies to meet the needs of their students.

The MyLab Gradebook offers a comprehensive overview of student performance, allowing instructors to monitor individual progress and identify areas where students may need additional support.

The MyLab Gradebook allows for easy and efficient tracking of student progress, ensuring instructors have a clear understanding of how students are performing in the course.

MyLab Economics provides valuable tools that can help ensure students are prepared for their future careers in the business world by tracking their progress towards achieving the AACSB Standards.

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