For courses in money and banking.

Making sense of an interconnected financial system

Money, Banking, and The Financial System builds excitement around financial markets, how they’re structured and how they connect to the broader economy. Renowned authors Glenn Hubbard and Tony O’Brien simplify financial developments over the past two decades. They examine changes in monetary policy, borrowing and lending, bank operations, rate fluctuations and regulatory responses.

The 5th Edition analyzes financial events of recent years, such as the pandemic-spurred financial crisis, the highest inflation rates since the 1980s and the highest tariff rates since the 1930s. Supporting cases, exercises, solved problems and review questions were all revised to reflect the modernized content.