Howells and Bain The Economics of Money, Banking and Finance Building on the strengths of the last edition, the new edition of The Economics of Money, Banking and Finance deals with international issues affecting financial markets. It retains its strong unifying theoretical perspective with a unique comparative survey of financial systems in the UK, Germany, France, Italy, Scandinavia and the USA. It is specifically written to meet the needs of students requiring a rigorous grounding in financial economics theory, combined with institutional and policy discussion relevant to the 'real world' of contemporary Europe. Key features Comprehensive coverage of financial markets. Strong unifying theoretical perspective. Extensive coverage of major European policy issues relating to both economic theory and monetary integration, and to regulation and innovation in financial markets. New to this edition Chapters on the US, French, German and Italian systems have been thoroughly updated and revised, to reflect the latest developments in these areas, and provide greater emphasis on the international nature of financial activity. An entire new chapter on Scandinavian systems (Swedish, Norwegian, Danish and Finnish).

Extensive use of data and articles from the Financial Times reinforces student's understanding and give a real-life framework for the theory. A substantially revised and extended chapter on the 'theory' of financial institutions. The Financial Systems section has been thoroughly overhauled and revised, to produce a treatment of financial institutions to match the existing treatment of markets. Assuming a basic grounding in economics principles, this book will be suitable for a range of one and two semester courses in: banking, financial economics, financial services, finance, and money, banking and finance. Peter Howells is a Professor at the East London Business School, University of East London, and Keith Bain is Principal Lecturer in the same department. They have both written extensively on financial economics and together are co-authors of Financial Markets and Institutions (Financial Times/Prentice Hall 2000). Hans-Michael Trautwein, Professor of International Economics at the Carl von Ossietzky University of Oldenburg in Germany, and Murray Glickman, Principal Lecturer in the East London Business School, University of East London, have also contributed to this edition.