This classic textbook incorporates the most current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. Well-known for its casual, conversational style, this text makes sophisticated concepts accessible ÍNDICE:1. Introducing Money, Banking, and Financial Markets.2. The Role of Money in the Macroeconomy.3. Financial Instruments, Markets, and Institutions.4. Interest Rate Measurement and Behavior.5. The Risk and Term Structure of Interest Rates.6. The Structure and Performance of Securities Markets.7. The Pricing of Risky Financial Assets.8. Money and Capital Markets.9. Demystifying Derivatives.10. Understanding Foreign Exchange.11. The Nature of Financial Intermediation.12. Depository Financial Institutions.13. Nondepository Financial Institutions.14. Understanding Financial Contracts.15.The Regulation of Markets and Institutions.16. Financial System Design.17. Who's In Charge Here? 18. Bank Reserves and the Money Supply.19. The Instruments of Central Banking.20. Understanding Movements in Bank Reserves.21. Monetary Policy Strategy.22. The Classical Foundations.23. The Keynesian Framework.24. The ISLM World.25. Money and Economic Stability in the ISLM World.26. An Aggregate Supply and Demand Perspective on Money and Economic Stability.27. Rational Expectations: Theory and Policy Implications.28. Empirical Evidence on the Effectiveness of Monetary Policy.29. Tying It All Together