Includes index.

Contents: Overview and fundamentals of the Canadian financial system: Why study money and banking? -- What is money? -- Financial intermediaries and financial markets -- Financial instruments -- Models of the financial system: Understanding interest rates: definitions and concepts -- Understanding interest rates: determination of interest rate levels -- Understanding exchange rates -- Decision makers: introduction -- Decision makers: household sector -- Decision makers: the financial and the non-financial sectors -- The Demand for money -- Stock prices -- Asset demand and supply under uncertainty -- Hedging risks: futures, forwards, and options -- Understanding interest rates: the structure of interest rates -- The Institutional framework in the Canadian context: Theories of banking -- Chartered banks: history and performance -- Other depository institutions -- Other financial institutions -- Deposit insurance -- International finance: International banking -- The Financial systems of the United States, the United Kingdom, Japan, and Germany -- International financial institutions -- Central banking and the role of money: Central banking and the tools of monetary policy -- The Art of central banking -- The Debate over the importance of money.