July 2023 MBR The Economic Studies Shelf

The Economic Studies Shelf

Research Handbook of Financial Markets
Refet S. Gurkaynak, editor
Jonathan H. Wright, editor
Edward Elgar Publishing
9 Dewey Court, Northampton, MA 01060-3815
www.e-elgar.com
9781800375314, $315.00, HC, 532pp

https://www.e-elgar.com/shop/usd/research-handbook-of-financial-markets-9781800375314.html

Synopsis: A part of the 'Research Handbooks in Money and Finance' series from Edward Elgar Publishing, "The Research Handbook of Financial Markets" is collaboratively compiled and co-edited the the team of professors Refet S. Gurkaynak and Jonathan H. Wright. Twenty-two essays comprising this economics textbook carefully discuss the histories and current states of the most important financial markets and institutions, as well as explicitly underscoring open questions that need study. By describing the institutional structure of different markets and highlighting recent changes within them, it accurately highlights their evolving nature.

Taking the perspective that finance and macroeconomics are intertwined, this illuminating Research Handbook brings together prominent experts to investigate key market interactions. Chapters act as self-contained case studies of particular markets, allowing for a thorough individual examination of each. Ultimately, they offer a holistic understanding of financial markets and the current state of research.

Academics and researchers in economics and finance curious about developments within financial regulation and banking will find this comprehensive Handbook to be hugely valuable. Market participants will additionally find it to be a useful reference, along with regulators seeking to mitigate financial instability.

Critique: With the twenty-two contributions deftly organized into five sections (Central Banking; Intermediaries; Money Markets; Capital Markets, Derivative Markets), "Research Handbook of Financial Markets" is unreservedly recommended, especially for personal, professional, college, and university library Contemporary Economics collections and supplemental Economics curriculum studies lists. Of special note is the inclusion of a complete listing of the contributors and their credentials.

Editorial Note #1: Refet S. Gurkaynak (https://bse.eu/people/gurkaynak-refet) is Professor of Economics at Bilkent University, Turkey and CEPR, CESIfo, and CFS.

Editorial Note #2: Jonathan H. Wright (https://econ.jhu.edu/directory/jonathan-wright) is a Professor of Economics, at Johns Hopkins University, US and NBER.

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