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Attempts to assess whether the United States is in economic
decline. Appropriate to general readers as well as economics
students and scholars, this book examines the fears of Americans
about their economic future.
Completely revised and updated to include the ongoing financial
crisis and the Obama administration's programs to combat it, this
is the best available introductory textbook for an undergraduate
course on Financial Markets and Institutions. It provides balanced
coverage of theories, policies, and institutions in a
conversational style that avoids complex models and mathematics,
making it a student-friendly text with many unique teaching
features. Financial crises, global competition, deregulation,
technological innovation, and growing government oversight have
significantly changed financial markets and institutions. The new
edition of this text is designed to capture the ongoing changes,
and to present an analytical framework that enables students to
understand and anticipate changes in the financial system and
accompanying changes in markets and institutions. The text includes
Learning Objectives and end-of-chapter Key Words and Questions, and
an online Instructor's Manual is available to adopters.
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