Study Guide to accompany An Introduction to Financial Markets and Institutions

About the Author\nMaureen Burton received a BA from the University of Missouri at Columbia in 1971, an MA from California State University, Fullerton, in 1979, and a Ph.D.from the University of California at Riverside in 1986. All were in economics. She taught at Chaffey College from 1984 to 1987 and at Cal Poly Pomona since 1987 where she is a full professor, has been Coordinator of the Graduate Program, and is currently chair of the Economics Department. In addition to other publications, she co-authored an introductory text Economics (Harper Collins, 1987) with S. Craig Justice. Her main areas of research include monetary theory and financial markets.\nBorn in Hamden, Connecticut, Ray Lombra received a BA in Economics from Providence College in 1967 and an MA and Ph.D. from Penn State University in 1971. He served as a senior staff economist at the Board of Governors of the Federal Reserve System from 1971-1977 and specialized in financial markets analysis and the formulation and implementation of monetary policy. He joined the faculty of Penn State University in 1977, and has taught money and banking at the undergraduate level and monetary theory and policy at the graduate level for 23 years. He is a winner of the College distinguished teaching award for innovations and instruction and is the author and editor of 5 books and over 80 scholarly publications. Articles on monetary policy, the determination of interest rates, stock prices, and exchange rates, financial innovation, globalization, and expectations formation have appeared in leading journals, including the Quarterly Journal of Economics, the Journal of Money, Credit and Banking, the Journal of Monetary Economics, and the Review of Economics and Statistics.\nReynold Nesiba received a BA in economics from the University of Denver in 1989 and an MA (1991) and Ph.D. (1995) in economics from the University of Notre Dame. Since 1995, Dr. Nesiba has been teaching economics at Augustana College in Sioux Falls, South Dakota, where he currently serves as Associate Professor of Economics. Dr. Nesiba has authored and/or co-authored work that appeared in the Journal of Economic Issues, the Journal of Urban Affairs, Cityscape, and the Encyclopedia of Political Economy. In addition, he authored the study guide and test bank for the second edition of Burton and Lombra's The Financial System & the Economy (also published by South-Western/Thomson Learning). Nesiba's current research interests include community reinvestment, discrimination in mortgage lending, subprime mortgage lending, and other finance-oriented topics.