gregory f. udell

　　Well-known for its engaging, conversational style, this text makes sophisticated concepts accessible, introducing students to how markets and institutions shape the global financial system and economic policy. Principles of Money, Banking & Financial Markets incorporates current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations.

　　New coverage includes:
　　Updated and expanded information on velocity (Chapter 2)
　　Expanded treatment of options (Chapter 3)
　　New coverage on Treasury Inflation Protected Securities (Chapter 8)
　　Revised section discussing balance of payments, appreciation and depreciation, and introducing current accounts and capital accounts (Chapter 10)
　　New section discussing the subprime mortgage crisis (Chapter 12)
　　New coverage on Exchange Traded Funds (Chapter 13)
　　New coverage on FDIC and reimbursement (Chapter 15)