The economics of money, banking, and financial markets / Frederic Mishkin.

Includes bibliographical references and index.

Part I. Introduction. Why Study Money, Banking, and Financial Markets? ---
An Overview of the Financial System ---
What Is Money? ----
Part II. Financial Markets. Understanding 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 ---
Financial Crises and the Subprime Debacle ---
Banking and the Management of Financial Institutions ---
Economic Analysis of Financial Regulation ---
Banking Industry: Structure and Competition ----
Part IV. Central Banking and the Conduct of Monetary Policy. Central Banks: a Global Perspective ---
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: Exchange rates and Applications ---
The International Financial System ----
Part VI. Monetary Theory. The Demand for Money ---
The ISLM Model ---
Monetary and Fiscal Policy in the ISLM Model ---
Aggregate Demand and Supply Analysis ---
Transmission Mechanisms of Monetary Policy: The Evidence ---
Money and Inflation ---
Rational Expectations: Implications for Policy.

The Economics of Money, Banking, and Financial Markets set the standard for money and banking courses when it published in its first edition, and it continues to be the worldwide market leader. The historic economic events and financial crises of late 2008 have changed the entire landscape of money and banking. Having just served as Governor of the Federal Reserve, only Mishkin has the unique insider's perspective needed to present the current state of money and banking and explain the latest debates and issues for today's readers.