Money, banking, and financial markets / Stephen G. Cecchetti and Kermit L. Schoenholtz.

Includes index.

Money and the financial system -- An introduction to money and the financial system -- Money and the payments system -- Financial instruments, financial markets, and financial institutions -- Interests rates, financial instruments, and financial markets -- Future value, present value, and interest rates -- understanding risk -- Bonds, bonds prices, and the determination of interest rates -- The risk and term structure of interest rates -- Stocks, stock markets, and markets efficiency -- Derivatives, futures, options, and swaps -- Foreign exchange --Financial institutions -- The economics of financial intermediation -- Depository institutions banks and bank management -- Financial industry structure -- Regulating the financial system -- Central banks, monetary policy, and financial stability -- Central banks in the world today -- The structure of central banks, the federal reserve and the European central bank -- The central bank balance sheet and the money supply process -- Monetary policy: stabilizing the domestic economy -- Exchange rate policy and the central -- Modern monetary economics -- Money growth, money demand, and modern monetary policy -- Output, inflation, and monetary policy -- Understanding business cycle fluctuations -- Modern monetary policy and the challenges facing central bankers --