Author Description

Product Description What is money? How does the stock market work? Who controls the Fed? What is a bailout? Where is the banking industry headed? Real World Banking and Finance provides lively answers to these questions. This clearly-written, carefully-researched anthology is an excellent supplement to introductory macroeconomics and finance textbooks. Featuring 61 articles by William Black, Robert Pollin, Joseph Stiglitz, Jim Campen, David Kotz, Arthur MacEwan, and many others, Real World Banking and Finance helps students understand interest rates, the stock and bond markets, currency, global financial institutions, retirement finance, regulatory reform, and much more. The book also includes thought-provoking proposals for restructuring the financial system to make it more effective and more democratic. The thoroughly updated sixth edition includes a new chapter on the financial crisis that began in 2007, new analyses of the "too-big-to-fail" banks and recent U.S. and global banking regulation, and updates of key articles on money, the Community Reinvestment Act, and predatory lending. Review "I thoroughly enjoy using Real World Banking and Finance in class. The readings allow students to critically appraise the conventional wisdom and sacrosanct institutions such as the Fed and the 'free market.'" --Kurt Keiser, School of Business, Adams State College