Ball’s Money, Banking, and Financial Markets closes the gap between economic theory and the day-to-day behavior of banks and financial markets. Working from a macro framework based on the Fed’s use of the interest rate as its major policy instrument, Ball presents the core concepts necessary to understand the problems affecting the stock market and the causes of recessions and banking crises. Underlying this framework are the intellectual foundations for the Fed’s inflation targeting using the dynamic consistency problem facing policymakers. Ball doesn’t explain how the Fed and financial markets should work; he explains how they do work on a daily basis.

《鲍尔货币金融学》是美国最普及的货币金融学教材，适合大多数货币金融以及相关专业的普通高校学生。作者劳伦斯•鲍尔简明且严谨地介绍核心理论，强调理论与现实的相关性，并用案例分析缩小理论与现实的差距。《鲍尔货币金融学》以精要探讨金融体系为目标，舍弃了大量不必要的材料。更为特别的是，本教材单独使用了一章的篇幅，从货币金融学的角度对近年来金融危机对于整个世界的巨大影响进行了分析，极具时效性和参考价值。