Brief Contents PART I: Introduction Why Study Money, Banking, and Financial Markets? An Overview of the Financial System What Is Money? PART II: Financial Markets The Meaning of Interest Rates The Behavior of Interest Rates The Risk and Term Structure of Interest Rates The Stock Market, the Theory of Rational Expectations, and the Efficient Market Hypothesis PART III: Financial Institutions An Economic Analysis of Financial Structure Banking and the Management of Financial Institutions Economic Analysis of Financial Regulation Banking Industry: Structure and Competition Financial Crises in Advanced Economies Financial Crises in Emerging Market Economies PART IV: Central Banking And The Conduct Of Monetary Policy Central Banks The Money Supply Process Tools of Monetary Policy The Conduct of Monetary Policy: Strategy and Tactics PART V: International Finance and Monetary Policy The Foreign Exchange Market The International Financial System PART VI: Monetary Theory Quantity Theory, Inflation, and the Demand for Money The IS Curve The Monetary Policy and Aggregate Demand Curves Aggregate Demand and Supply Analysis Monetary Policy Theory The Role of Expectations in Monetary Policy Transmission Mechanisms of Monetary Policy Additional Chapters in Pearson Pearson Mylab Economics Nonbank Finance Financial Derivatives Conflicts of Interest in the Financial Services Industry