Modeling Monetary Economies (inbunden)
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Format
Inbunden (Hardback)
Språk
Engelska
Antal sidor
272
Utgivningsdatum
1993-11-01
Upplaga
1
Förlag
John Wiley & Sons Inc
Medarbetare
Freeman, Scott
Illustrationer
index
Dimensioner
235 x 161 x 21 mm
Antal komponenter
1
SAB
Qaea
ISBN
9780471579489

Modeling Monetary Economies

av Bruce Champ, Scott Freeman
Inbunden,  Engelska, 1993-11-01
419
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How does money promote exchange? what should serve as money? what is the cost of inflation? what is the link between money and output? These are some of the most basic questions in monetary economics - and by using elegantly simple models, this exciting new text makes these and other issues clear and understandable to undergraduates. This innovative departure from traditional, institutions-based money and banking texts explains monetary phenomena as the result of the choices of rational individuals. Drawing on recent advances in monetary theory, the authors build, step-by-step, the microeconomic foundations of an integrated model of the monetary economy without overwhelming the students. Basic graphs and algebra are the only mathematical requirements. This book presents an astonishingly clear and accessible treatment of the core models of economies with money. It is an essential complement to the mainstream macro and money and banking texts for students and instructors who want a deeper explanation of monetary phenomena. Michael Parkin University of Western Ontario The organization is impeccable. It takes the reader carefully through the analysis, one step at a time, and it treats some of the classic problems (seignorage, neutrality, Ricardian equivalence, and so on) at exactly the right time." Leonardo Auernheimer Texas A&M University
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Innehållsförteckning

MONEY. A Simple Model of Money. Barter and Commodity Money. Inflation. International Monetary Systems. BANKING. Capital. Liquidity and Financial Intermediation. Central Banking and the Money Supply. Money Stock Fluctuations. Bank Risk. GOVERNMENT DEBT. Deficits and the National Debt. Saving and Investment. The Effect of the National Debt on Capital and Savings. The Temptation of Inflation. References. Index.

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