Chapter	Module
Chapter 2	Liquidity and the Crisis of 2007-09
Chapter 3	Leverage
	Shadow Banking
	Interbank Lending
Chapter 4	The Search for Yield
Chapter 5	Systemic Risk
Chapter 6	Securitization
Chapter 7	Rating Agencies
	Subprime Mortgages
	Structured Products
	Asset-Backed Commercial Paper
	When Securitization Goes Awry
Chapter 9	Credit Default Swaps and the Financial Crisis
	Centralized Counterparties and Systemic Risk
Chapter 10	Currency Risk and Rollover Risk
Chapter 11	Financial Innovation: Pros and Cons
	Screening, Monitoring, and Free Riding
Chapter 12	Bank Capital and the Financial Crisis
Chapter 13	A Future of Public Utilities and Buccaneers
	Policy Response to Systemic Intermediaries
Chapter 14	Addressing Insolvency: Forbearances vs. Government Restructuring
	Micro- vs. Macro-prudential Regulation
	Crisis Policy: Balancing Risks
	The Regulatory Division of Labor: Challenges in the Crisis
Chapter 15	Central Bank Independence and the Financial Crisis
Chapter 16	Government Funding: Crisis Challenges in the Euro Area
Chapter 17	Money Supply and the Financial Crisis
Chapter 18	Paying Interest on Reserves
	Taylor Rule, Financial Conditions and the Zero Bound
	Unconventional Policy 1: Policy Duration Commitments
	Unconventional Policy 2: Quantitative Easing
	Unconventional Policy 3: Credit Easing
	Unconventional Policy 4: Exit Strategies
Chapter 19	China’s Exchange Rate Regime: An Update
Chapter 23	Beyond Inflation Targeting