PART I Introduction
1 Why Study Money, Banking, and Financial Markets?
2 An Overview of the Financial System
3 What Is Money?
PART II Financial Markets
4 Understanding 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 III Financial Institutions
8 An Economic Analysis of Financial Structure
9 Banking and the Management of Financial Institutions
10 Banking Industry: Structure and Competition
11 Economic Analysis of Banking Regulation
12 Nonbank Finance
13 Financial Derivatives
PART IV Central Banking and the Conduct of Monetary Policy
14 Structure of Central Banks and the Federal Reserve System
15 Multiple Deposit Creation and the Money Supply Process
16 Determinants of the Money Supply
17 Tools of Monetary Policy
18 Conduct of Monetary Policy: Goals and Targets
PART V International Finance and Monetary Policy
19 The Foreign Exchange Market
20 The International Financial System
21 Monetary Policy Strategy: The International Experience
PART VI Monetary Theory
22 The Demand for Money
23 The Keynesian Framework and the ISLM Model
24 Monetary and Fiscal Policy in the ISLM Model
25 Aggregate Demand and Supply Analysis
26 Transmission Mechanisms of Monetary Policy: The Evidence
27 Money and Inflation
28 Rational Expectations: Implications for Policy
GLOSSARY
ANSWERS TO SELECTED QUESTIONS AND PROBLEMS
CREDITS
INDEX