Part One Introduction 3
1．Suggested Teaching Methodology 3
2．The Supplementary Reading Materials 3
3．How to Set Examination Papers for This Course 4
4．A Few Academic Issues and Some Rethinking Relating to the Translation ofthe Main Texts 5
5．On the Distinctions between British English(BrE)and American English(AmE) 18
6．On the Similarities and Dissimilarities between Chinese and English 25
7．Detailed Syllabus for Teaching the Main Texts 31
Part Two The Main Body 39
Unit One Chinese Translation of the Main Texts 39
第一章 货币的基础知识 39
第二章 货币供给 44
第三章 货币政策 47
第四章 财政政策 49
第五章 金融市场概述 51
第六章 美国的货币市场 53
第七章 美国的资本市场 56
第八章 外汇市场 59
第九章 抵押贷款市场 61
第十章 证券市场 64
第十一章 金融衍生工具市场（1） 69
第十二章 金融衍生工具市场（2） 71
第十三章 金融衍生工具市场（3） 73
第十四章 国际金融市场 75
第十五章 金融机构概述 78
第十六章 银行机构银行 80
第十七章 美国的中央银行 82
第十八章 美国的商业银行 85
第十九章 美国的投资银行 88
第二十章 美国的金融中介机构 90
第二十一章 美国金融系统的监管 93
第二十二章 美国对银行的监管 96
第二十三章 美国对证券业的监管 101
第二十四章 美国对保险业的监管 103
第二十五章 美国对互助基金的监管 106
第二十六章 美国对商业银行的管理 109
第二十七章 美国对保险的管理 113
第二十八章 金融机构的风险管理 116
Unit Two Valuable Additions to the Main Texts 119
1．Addition to Money Basics 119
1.1 Definition of Money 119
1.2 Ways of Calling American Legal Tender Notes or American Standard Paper Currency 119
1.3 The Reason for Discussing Money 119
2．Money Supply 120
2.1 The Easiest and Simplest Definition 120
2.2 Money Supply Rule 120
3．Macroeconomic Policy 120
3.1 Component Parts ofMacroeconomic Policy 120
3.2 Main Macroeconomic Policy Targets 120
3.3 Conventional Macroeconomic Policy Tools 121
3.4 BriefComments on Macroeconomic Policy Tools 121
4．Monetary Policy 122
4.1 Two Simple Definitions 122
4.2 Ways of Saying Easy Monetary Policy 122
4.3 Content of Monetary Policy 122
4.4 Goals of Monetary Policy 122
5．Fiscal Policy 122
5.1 Three More Definitions of Fiscal Policy 122
5.2 Ways of Saying Easy and Tight Fiscal Policy 122
5.3 Mix of Monetary Policy and Fiscal Policy 123
5.4 Financial Policy Is Different from Fiscal Policy 123
6．Money Markets 123
6.1 The Striking Feature of American Money-Market Instruments 123
6.2 The World's Largest Money Markets 123
7．Capital Markets 124
7.1 The Theory of Efficient Capital Markets 124
7.2 International Capital Markets 124
8．Foreign Exchange Markets 124
8.1 When Was the Post-War System of Fixed Exchange Rates Created? 124
8.2 Why Are Emerging Economies Seeking to Amass Foreign Exchange Reserves? 125
8.3 The Largest Foreign Exchange Markets 125
8.4 Structure of Foreign Exchange Markets 125
9．U.S.Mortgage Markets 126
9.1 British Financial Expert's Definition 126
9.2 How Do Bank Customers in The UK Mortgage Their Homes to Secure Loans from a Bank? 126
9.3 UK Mortgage Markets of Businesses 126
10．Securities Markets 127
10.1 Introduction to the London Stock Exchange 127
10.2 Diversification in the Securities Markets 131
10.3 Operation Twist in the U.S.Open Market 132
10.4 U.S.Debt or Credit Market Instruments 133
11．Derivatives Markets—Currency Swaps and Interest Rates Swaps 134
11.1 Currency Swaps 134
11.2 Interest Rate Swaps 134
12．Global Financial Markets 135
12.1 Fund Sources for Global Financial Markets 135
12.2 Financial Markets and Financial System 136
12.3 Opening Japan's Financial Markets 136
13．U.S.Central Bank—the FRS or the Fed 136
13.1 Differences between the U.S.Central Bank and Central Banks in Other Major Industrialized Countries 136
13.2 Facts Showing the High Degree of the FRS'Independence 137
13.3 Why Is There Opposition to the FRS Independence? 137
13.4 What Are the Arguments for an Independent FRS? 137
13.5 The ChiefFunctions of the Board of Governors of the FRS 138
13.6 The FRS Member Banks 138
13.7 The Special Role of the FRS Bank of New York 139
13.8 The Functions of the 12 FRS Banks 139
13.9 Tools for the FRS to Implement U.S.Monetary Policy 140
13.10 Trends in Central Banking Development 140
14．Types ofDeposits Taken by American Commercial Banks 141
14.1 Demand Deposits 141
14.2 Savings Deposits 141
14.3 Time Deposits 141
15．American Investment Bank's Functions 141
16．Financial Intermediaries in the U.S 142
16.1 When Do Financial Intermediaries Come into Play? 142
16.2 The Two"Submarkets"Created by Financial Intermediaries to Facilitate the Flows ofFunds between Savers and Borrowers 142
16.3 Categorization of Financial Intermediaries 142
16.4 Financial Intermediaries in Britain 143
17．U.S.Financial System Regulation 143
17.1 Reasons for Regulating U.S.Financial System 143
17.2 Maior Differences between U.S.Financial Regulation and Other Advanced Countries'Financial Regulation 144
17.3 U.S.Banking Regulation 144
17.4 U.S.Mutual Fund Regulation 145
17.5 U.S.ChiefSecurities-Transaction Regulatory Agency(SEC) 145
18．Financial Management 146
18.1 Company Finance Management in the U.K 146
18.2 Risk Management of U.K.Insurance Company 147
18.3 European Sovereign Debt Crisis Management 148
19．Derivatives Business 150
19.1 What Are Derivatives? 150
19.2 What Laws Are Applied to the Business of Derivatives? 150
19.3 WhatAre Other Simple Definitions of a Derivative Market? 150
Part Three Appendices 153
The Finance Glossary 153
Main References 176