The Financial System, Financial Regulation and Central Bank Policy : Cambridge University Press : 9781107689763 : 1107689767 : 06 Oct 2017 : "Traditional money and banking textbooks are long, expensive, and full of so much institutional and technical modeling detail that students can't understand the big picture. Tom Cargill presents a new alternative: a short, inexpensive book without the "bells and whistles" that teaches students the fundamentals in a clear, narrative form. In an engaging writing style, Cargill explains the three core components of money and banking, and their interactions: 1) the financial system, 2) government regulation and supervision, and 3) central bank policy. Cargill focuses on the interaction between government financial policy and central bank policy and offers a critique of the central bank's role in the economy, the tools it uses, how these tools affect the economy, and how effective these policies have been, providing a more balanced perspective of gover