Part I: INTRODUCTION. 1. Money, Banking, and Financial Markets: An Overview. 2. Money: Its Nature, Functions, and Evolution. Part II: FINANCIAL MARKETS, INSTITUTIONS, AND INTEREST RATES. 3. Financial Markets and Instruments. 4. Financial Intermediation. 5. Interest Rate Determination. 6. The Term Structure and Risk Structure of Interest Rates. 7. The Stock Market. 8. The Foreign Exchange Market. Part III: BANKING: STRUCTURE, REGULATION, AND DEPOSIT INSURANCE. 9. Commercial Banking. 10. The Banking Industry: Its Evolution, Structure and Regulation. 11. The Economics of Banking Regulation and Deposit Insurance. Part IV: CENTRAL BANKING, THE FEDERAL RESERVE, AND THE MONEY SUPPLY PROCESS. 12. The Federal Reserve System: Its Structure and Functions. 13. The European Central Bank. 14. The Deposit Expansion Process: The Simple Analytics. 15. Money Supply Determination: The Monetary Base. 16. Money Supply Determination: The Money Supply Multiplier. 17. The Role of the Federal Reserve in the Great Depression of 1929-1933. Part V: INSTRUMENTS, TARGETS, AND STRATEGIES OF CENTRAL BANKING POLICY. 18. The Tools of Federal Reserve Policy. 19. Conducting Monetary Policy: Ultimate Goals and Intermediate Targets. Part VI: THE LINKAGE BETWEEN INTERMEDIATE TARGET VARIABLES AND ECONOMIC ACTIVITY. 20. The Aggregate Demand-Aggregate Supply Model. 21. The AD/AS Model and Post-1929 U.S. Macroeconomic History. 22. Money Demand and Velocity. 23. The Monetary Transmission Mechanism: How the Federal Reserve Policy Influences Economic Activity. 24. Differing Views on the Appropriate Conduct of Monetary Policy. 25. Inflation Targeting.
