Chapter 1 The PBC's Development in 60 Years 1
Supplementary Reading The Monetary-policy Maze 11
Chapter 2 International Monetary Fund 16
Supplementary Reading Empowering the IMF:Should Reform Be a Requirement for Increasing IMF's Resources? 27
Chapter 3 The World Bank Group 31
Supplementary Reading Banking on Coal:Why Is the World Bank Subsidizing One of the Planet's Dirtiest Fuels? 42
Chapter 4 Money and Finance 45
Supplementary Reading The Financial System:Domestic and International 52
Chapter 5 The Evolution of the Payments System 56
Supplementary Reading Australian Payments System 65
Chapter 6 What Are Central Banks? 68
Supplementary Reading Restructuring of Chinese Banking Industry 78
Chapter 7 The Federal Reserve System 82
Supplementary Reading Formal Structure of the Federal Reserve System 91
Chapter 8 Commercial Banks:History ofBanking 96
Supplementary Reading Comments on Balance-sheet Items 105
Chapter 9 Bank Management 111
Supplementary Reading Comments on Profit and Loss Account 121
Chapter 10 Financial Market 126
Supplementary Reading Money Market Instruments 136
Chapter 11 The Investment Process 140
Supplementary Reading Emerging Markets 150
Chapter 12 Insurance 153
Supplementary Reading Insurance Powers of Banking Institutions 163
Chapter 13 Euro 167
Supplementary Reading Euro Banknotes and Coins 179
Chapter 14 The Uruguay Round Subsidies Agreement 182
Supplementary Reading Contract 193
Answer Key 197