Description
About the Author
Harold L. Cole is a Professor of Economics at the University of Pennsylvania and the Editor of the International Economic Review. He is a Fellow of the Econometric Society and the Society for the Advancement of Theory. He is a research associate of the NBER and a visiting scholar at the Federal Reserve Banks of Philadelphia
Reviews
Cole's new book on money, credit, and banking represents an enchanting break from the typical undergraduate text on money and banking. Standard texts spend large amount of time on simplistic models of the money multiplier, mechanics of open market operations, and in institutional details of the U.S. financial system. Cole's book instead integrates the analysis of money and banking with a modern treatment of finance, boiled down to its essence. Cole then applies the simple apparatus he develops to topical issues in macroeconomics. The resulting product is one that will be a delight to teach to undergraduates. Overall, it represents a breakthrough turning what was often a dreary subject to both study and teach into an exciting one for both professors and students. I recommend it highly. * Patrick Kehoe, Professor of Economics, Stanford University and Consultant, Federal Reserve Bank of Minneapolis *
This remarkable book sets the standard for rigor and clarity in thinking about money and financial markets. This is an exciting and essential contribution to the analysis of financial systems. * Thomas Cooley, Paganelli-Bull Professor of Economics Emeritus, Stern School of Business, New York University *
Over the past forty years, there has been a revolution in the way economists think about money, credit, and banking. In this exciting book, Harold Cole makes those important modeling innovations accessible to a broad audience. Instructors of advanced undergraduates or Ph.D. students in either economics or finance will find Cole's treatment to be at once fully rigorous and eminently approachable."- * Narayana Kocherlakota, Lionel W. McKenzie Professor of Economics, University of Rochester *
Hal Cole masterfully combines economic theory, data, and history to examine the workings of financial markets. He makes modern theories accessible to undergraduate students without losing their theoretical and empirical foundations. This book stands out, and should be very beneficial to any advanced undergrad or masters student interested in financial economics. * Mikhail Golosov, University of Chicago *
This book delivers a unique and up-to-date treatment of the key concepts in finance from a macroeconomic point of view. Written in an engaging style, it blends theory, history, and institutional structure to illustrate how and why finance matters. Cole simultaneously provides the foundation for an innovative course and an excellent reference on topics ranging from the fundamentals of asset pricing to electronic payments and cryptocurrencies. * Todd Keister, Professor of Economics, Rutgers University *
14/01/2019
Book Information
ISBN 9780190941703
Author Harold L. Cole
Format Paperback
Page Count 304
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 388g
Dimensions(mm) 235mm * 157mm * 14mm