Money, banking, and financial markets / Robert D. Auerback.

1. An Overview, 1 -- Part I. Some Fundamentals -- 2. Money, 7 -- 3. Other Financial Assets, 20 -- 4. Interest Rates, 33 -- 5. Money Demand, 40 -- 6. Money Creation, 49 -- Part II. Financial Intermediaries -- 7. Financial Intermediaries, 61 -- 8. Depository Intermediaries and Money-Market Funds, 67 -- 9. Commercial Banking, 84 -- 10. Deposits and Portfolios of Commercial Banks, 100 -- Part III. Financial Markets and Interest Rates -- 11. Compounding and Discounting with Calculator Instructions, 123 -- 12. The Term Structure of Interest Rates, 134 -- 13. Financial Markets, 144 -- 14. Money and Stock Prices, 160 -- Part IV. The Federal Reserve -- 15. Structure and Nonmonetary Functions, 175 -- 16. The Treasury, the Federal Reserve, and the Monetary Base, 192 -- 17. Monetary Policy Tools, 205 -- 18. The Money Expansion Multipliers, 220 -- Part V. Theory -- 19. The Demand for Money, 241 -- 20. Money and Inflation, a Cash - Balance Approach, 258 -- 21. Wage and Price Controls, 274 -- 22. The Phillips Curve and Price Expectations, 286 -- 23. A Keynesian Model, 299 -- 24. Inflationary Equilibrium in a Keynesian Model, 318 -- 25. Keynesians Versus Monetarists, 324 -- Part VI. Monetary Policy -- 26. Targets and Instruments, 335 -- 27. Selected Policies and the Record Since 1942, 351 -- 28. Who Makes Monetary Policy?, 361 -- 29. Federal Reserve Policy Making and Congressional Oversight, 373 -- 30. Interest Rates Versus Monetary Aggregates, 390 -- Part VII. The International Financial System -- 31. The Balance of Payments and International Exchange Rates, 397 -- 32. Methods of International Payments, 412 -- 33. The Eurodollar Market, 430 -- Part VIII. History -- 34. The Record to World War II, 443 -- Glossary, 469 -- Index, 487.