PART 1. INTRODUCTION

1. Why Study Money, Banking, and Financial Markets?

2. An Overview of the Financial System

3. What Is Money?





PART 2. FINANCIAL MARKETS

4. The Meaning of Interest Rates

5. The Behavior of Interest Rates

6. The Risk and Term Structure of Interest Rates

7. The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis





PART 3. FINANCIAL INSTITUTIONS

8. An Economic Analysis of Financial Structure

9. Banking and the Management of Financial Institutions

10. Economic Analysis of Financial Regulation

11. Banking Industry: Structure and Competition

12. Financial Crises in Advanced Economies

13. Financial Crises in Emerging Economies





PART 4. CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY

14. Central Banks: A Global Perspective

15. The Money Supply Process

16. Tools of Monetary Policy

17. The Conduct of Monetary Policy: Strategy and Tactics





PART 5. INTERNATIONAL FINANCE AND MONETARY POLICY

18. The Foreign Exchange Market

19. The International Financial System





PART 6. MONETARY THEORY

20. Quantity Theory, Inflation, and the Demand for Money

21. The IS Curve

22. The Monetary Policy and Aggregate Demand Curves

23. Aggregate Demand and Supply Analysis

24. Monetary Policy Theory

25. The Role of Expectations in Monetary Policy

26. Transmission Mechanisms of Monetary Policy





CHAPTERS ON THE WEB

27. The ISLM Model

28. Nonbank Finance

29. Financial Derivatives

30. Conflicts of Interest in the Financial Services Industry