Money and Banking [antikvár]

This book grew out of the classroom trials and tribulations of the authors over several years of teaching courses on money and banking and on bank management. Our criteria for selecting texts in the courses we have taught have influenced the preparation of this volume. We believe that a college textbook should have four basic characteristics: (1) it should contain an accurate and up-to-date coverage of the subject area involved; (2) it should be comprehensible to students at the level at which it will be used; (3) it should be capable of generating and holding student interest in the subject; and (4) it should be organized so that most instructors find it adapts reasonably well to their presentation of the course material. We feel that the absence of a dominant money and banking text is primarily due to the third factor, and we believe that this text addresses that important point successfully. Basically, human beings are problem-solving creatures. Much of the educational process is designed to make the student a better problem solver by either teaching new or more efficient methods of solving problems or by providing information that has proven useful in solving certain recurrent problems. It is our belief that relating classroom and textbook information to relevant problems is the primary ingredient in generating interest in that material. With this in mind, we have tried to create a text in which the material will seem current and relevant to the student. There is no shortage of interesting problems in the field of money and banking. To be able to grapple with these problems intelligently, students must necessarily absorb a considerable amount of what some may consider to be "dry" material; but often material is considered dry and uninteresting because it is not seen in the context of problems that are themselves interesting. Thus a successful money and banking text must present the course material so that it appears pertinent in a problem-solving context. It is also our belief that the approach we have taken in this book—an approach that has proven successful in our classroom teaching—accomplishes this objective to a considerable extent. v