Includes bibliographical references (p. 127-138) and index.

Money -- What Is Money? -- Monetarists, Austrians, Keynesians and Money -- Supply and Demand for Money -- The Global Dimension -- Friedman and Schwartz on the Money Supply -- Cagan on the Money Supply -- Other Views on the Money Supply -- Permanent Income Models -- Other Models of Money -- Central Banking: The Early Years -- The First and Second United States Banks -- The Bank of England -- Other Early Banks -- Central Banking: The Later Years -- Regional and National Aspects of the U.S. Federal Reserve Act of 1913 -- Policy Tools -- The Classical Gold Standard, Managed Fiduciary Standard, and Economic Performance since the Nineteenth Century -- Central Banking and Bureaucracy -- Central Banks and the Theory of Bureaucracy -- A Bottom Line? -- Monetary Policy -- A Changing Environment -- Importance of Credibility -- Goals, Indicators, and Targets of Monetary Policy -- Contemporary Commercial Banking -- Business of Banking -- Input "Mix" -- Output "Mix" -- Pricing of Inputs and Outputs -- Uniqueness of the Banking Industry -- Other Financial Intermediaries -- Changing Anatomy of Banking -- Changing Nature of Bank Liability Management -- New Competitive Environment -- Bankers and Their Clients: Country Practice -- Changing Perceptions of Bankers -- The Euro and the Dollar -- Another Emerging World Currency? -- Why a Single Currency?.

Casts the ongoing changes in money and banking into perspective.