Welcome to the Online Learning Center for Money, Banking, and Financial Markets 2/e.

Stephen Cecchetti's new text on Money and Banking offers a fresh, more modern, and more student-friendly approach to the subject. The author has drawn on his vast experience as Vice President at the Federal Reserve Bank of New York, publishing in and editing various journals, and consulting for the European Central Bank, the Bank of England, the Bank of Israel, and the Reserve Bank of Australia as well as his years of teaching at various schools including Ohio State, Brandeis, Princeton, and Oxford University.

Cecchetti is THE money and banking book for today's students. Students will find the material more relevant and interesting because of the book's unique emphasis on the Five Core Principles, the early introduction of risk, and an integrated global perspective. By focusing on the big picture via core principles, Cecchetti teaches students the rationale behind financial rules and institutional structure. Even when the financial system evolves, students' knowledge will not be out of date.

Financial Crisis Updates Now Available!

Since the 2^nd edition of Money, Banking, and Financial Markets published, a financial crisis has engulfed the globe. To help you cover the implications and developments caused by this crisis in your course, the authors have written modules to enhance and complement each chapter. This most current content is available to both you and your students on this site by entering the Student Edition and clicking on the Update Modules link.