Part 1: Foundations Chapter 1 Introducing Money and the Financial System 1

Chapter 2 Money and the Payments System 24

Chapter 3 Interest Rates and Rates of Return 53

Chapter 4 Determining Interest Rates 92

Part 2: Financial Markets Chapter 5 The Risk Structure and Term Structure of Interest Rates 139

Chapter 6 The Stock Market, Information, and Financial Market Efficiency 173

Chapter 7 Derivatives and Derivative Markets 211

Chapter 8 The Market for Foreign Exchange 246

Part 3: Financial Institutions Chapter 9 Transactions Costs, Asymmetric Information, and

the Structure of the Financial System 277

Chapter 10 The Economics of Banking 306

Chapter 11 Beyond Commercial Banks: Shadow Banks and

Nonbank Financial Institutions 344

Chapter 12 Financial Crises and Financial Regulation 387

Part 4: Monetary Policy

Chapter 13 The Federal Reserve and Central Banking 429

Chapter 14 The Federal Reserve’s Balance Sheet and

the Money Supply Process 460

Chapter 15 Monetary Policy 494

Chapter 16 The International Financial System and Monetary Policy 542

Part 5: T he Financial System and the Macroeconomy

Chapter 17 Monetary Theory I: The Aggregate Demand and

Aggregate Supply Model 579

Chapter 18 Monetary Theory II: The IS–MP Model 613

Glossary 659

Index 666

第1部分：基金会第1章介绍货币与金融体系1

第2章货币与支付系统24

第三章利率和收益率53

第4章确定利率92

第2部分：金融市场第5章利率的风险结构和期限结构139

第6章股票市场，信息和金融市场效率173

第七章衍生产品和衍生产品市场211

第八章外汇市场246

第三部分：金融机构第9章交易成本，信息不对称和

金融体系的结构277

第10章银行经济学306

第11章超越商业银行：影子银行和

非银行金融机构344

第十二章金融危机和金融监管387

第四部分：货币政策

第十三章美联储和中央银行429

第14章美联储的资产负债表和

货币供应过程460

第十五章货币政策494

第十六章国际金融体系和货币政策542

第五部分：金融体系与宏观经济

第十七章货币理论I：总需求与总需求

总供给模型579

第十八章货币理论II：IS-MP模型613

词汇表659

索引666