Part 1. Basic concepts and theory: The nature and scope of monetary economics. The evolution of money ; The money-supply process ; The demand for money ; Interest rates in the economy ; Exchange rates in the economy ; Traditional monetary theories ; Modern monetary theory ; The monetary-policy transmission mechanism -- Part 2 Monetary policy ; A framework for monetary policy ; Exchange-rate regimes and monetary policy ; Monetary policy in South Africa from 1921-2000 ; Inflation targeting in South Africa ; Monetary-policy operational procedures in South Africa ; Forecasting inflation in South Africa ; Financial stability and the central bank ; Monetary policy and interdependence ; Monetary policy co-operation.