A functional rundown of the elements that make today's monetary and financial systems tick. Introduction, The Use of Money, Money and Monetary Standards, Debt and Equity and Financial Markets, Commercial Banks, The Commercial Banking Industry, Commercial Banks and the Multiple Expansion and Contraction of Deposit and Credit, Principles of Portfolio Management, Commercial Bank Asset and Liability Management, Nonbank Financial Intermediaries, American Central Banking: The Origin and Structure of the Federal Reserve, A Model of the Money Supply, The Federal Reserve and Monetary Policy, Monetary Powers of the Treasury, The Quantity of Money, Basic Features of an Aggregative Model, Stabilization Policies and Aggregate Demand and the Classical and Keynesian Systems, Unemployment, Inflation, Other Issues Regarding the Domestic Effects of Monetary Policy, The International Monetary System, International Adjustment Mechanisms, Index of Names and Subjects.