Financial markets and intitutions have undergone significant changes in recent years.Technology, innovation, deregulation, competition, globalization, and financial crises have driven transformations. The explosion of internation trade and capital flows has escalated the development of international currency markets. Financial institutions have entered nontraditional venues. Laws forbidding the mergers of banks, securities firms, and insurance companies have been overturned. Mega-mergers have occurres that change the scope, size, and activities of financial institutions.

Changes in information and computer techologies have fortered the growth of new financial instruments and products, and the development of new and creative ways to hedre and manage risks in a globalized environment. Electronic transfers of funds   have com to dominate both checks and currency as payment mechanisms,and e-cash for Internet payments is rapidly evolving. Anti-money laundering activities have become more important since the beginning of the War on Terror. Managers of financial institutions must now make decision in this new and dynamic milieu where technological innovations are the driving force.

Part 1 Introduction
Part 2 Financial Prices
Part 3 Financial Institutions
Part 4 Financial Markets
Part 5 Monetary Theory
Part 6 Monetary Policy