Table of Content
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. 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 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 PART 4. CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY 13. Central Banks and the Federal Reserve System 14. The Money Supply Process 15. The Tools of Monetary Policy 16. The Conduct of Monetary Policy: Strategy and Tactics PART 5. INTERNATIONAL FINANCE AND MONETARY POLICY 17. The Foreign Exchange Market 18. The International Financial System PART 6. MONETARY THEORY 19. Quantity Theory, Inflation, and the Demand for Money 20. The IS Curve 21. The Monetary Policy and Aggregate Demand Curves 22. Aggregate Demand and Supply Analysis 23. Monetary Policy Theory 24. The Role of Expectations in Monetary Policy 25. Transmission Mechanisms of Monetary Policy CHAPTERS ON THE WEB 26. Financial Crjses in Emerging Market Economies 27. The ISLM Model 28. Nonbank Finance 29. Financial Derivatives 30. Conflicts of Interest in the Financial Services Industry