Money, Banking, and the Economy

This book is organized to permit flexible use in the classroom. In general, the chapters are written so they will stand independently. In preparing this new edition we have undertaken two tasks. One is to update the material by incorporating new developments, such as the bail-out of the savings and loan system, the weakened position of commercial banks, the passage of the 1991 FDIC Improvement Act, and the 1990 downturn and subsequent weak recovery. The other is to improve the coverage of topics discussed previously.From the Preface.