Banking Book Excerpts to Study

Money & Banking 6th Edition - Kamerschen / Klise

The 6th Edition of Money & Banking by Kamerschen & Klise applies a broad theoretical framework to money and banking, blending macroeconomic analysis with a study of present institutions and an understanding of their historical development.

Topics covered include money and financial institutions, commercial banking and central banking.

Most people think that a bank lends the deposits of its customers, but in fact, this couldn't be further from the truth.  

By: David R. Kamerschen, Eugene S. Klise

A Primer On Money - Wright Patman

As a Congressman from Texas from 1929 to 1976, Wright Patman supported Populist-type legislation which aided farmers, small businessmen and consumers. His perennial target in the postwar era was the Federal Reserve System.

He resented the central bank's political independence and believed that "high" interest rates brought about by monetary policy actions benefited banks and harmed ordinary citizens. Rather than attacking the Fed's control of monetary policy directly, Patman tried to improve Fed accountability to Congress by subjecting the Fed's budgetary process and expenditures to government audit and/or the Congressional appropriations process. 

Despite numerous investigations, reports, and pieces of legislation, Patman's crusade failed to achieve its objectives. Nevertheless, his persistent criticism over 25 years undoubtedly created an atmosphere for change. Eschewing the indirect approach, Patman's political heirs in Congress demanded and received more accountability (and less secrecy) from the Fed regarding monetary policy objectives. Ironically Patman's abortive crusade may have paved the way for their later success.

By: Wright Patman

Economics - Principles, Problems and Policies - 6th Edition, by Campbell McConnell

The sixth edition of Economics embodies a very substantial revision and thereby contributes significantly to the metamorphosis which this book has experienced since its publication in 1960.  Although the sixth edition bears only a modest resemblance to the first, the basic purpose remains the same: to introduce the beginning economics student to those principles essential to an understanding of fundamental economic problems and the policy alternatives society may utilize to contend with these problems.  

It is hoped that the ability to reason accurately and objectively about economic matters and the development of a lasting interest in economics will be two valuable by-products of this basic objective.  

This best-selling textbook has been teaching students in a clear, unbiased way for 40 years. The book features clear and careful treatment of principles of economics concepts, provides balanced coverage, and includes patient explanations. More students have learned their principles of Economics from McConnell-Brue than any other text, over twelve million of them. 

By Campbell R. McConnell

This is a comprehensive overview of the role that money and banking play in global economies. As a textbook, its primary emphasis is on explaining basic concepts, processes and relationships, ranging from money, interest rates and banks' money creation capabilities, to bank regulation, monetary policy and the workings of foreign exchange markets.The text's secondary emphasis is on providing information of particular relevance to bankers, such as the changing profile of banks' competitors, current legislative and regulatory developments, and sources of bank profitability in the 1990s.To provide a learning context, background and historical information is provided, when appropriate, to supplement the text.By:  David H. Friedman

Economics - An Introduction to Analysis and Policy, by George Leyland Bach - 7th Edition

This is a book on political economy.  It is a book on economic theory, but equally a book on how students can use economic theory in thinking about complex problems for themselves.  It is a book designed for either a full-year or a one-semester course, for instructors who wish to put either micro or macroeconomics first.

The focus throughout is on what the student does.  The evidence is overwhelming that students retain little of what they learn in college economics courses unless they become interested enough to continue to use it as they read the newspaper and vote, after they leave the classroom.  If we do not manage to kindle a real interest in economics, we have lost the battle at the outset.  If we don't give students concepts and methods which they can use for themselves, little will last.

The emphasis in this book is on key central concepts, principles, and models - and on how to apply these analytical tools to current, real-world, "relevant" problems.