9780521177009

Modeling Monetary Economies

by
  • ISBN13:

    9780521177009

  • ISBN10:

    0521177006

  • Edition: 3rd
  • Format: Paperback
  • Copyright: 5/9/2011
  • Publisher: Cambridge University Press

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

Purchase Benefits

  • Free Shipping On Orders Over $59!
    Your order must be $59 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • Get Rewarded for Ordering Your Textbooks! Enroll Now
List Price: $54.99 Save up to $28.98
  • Rent Book $27.50
    Add to Cart Free Shipping

    TERM
    PRICE
    DUE

Supplemental Materials

What is included with this book?

  • The Used and Rental copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Summary

The approach of this text is to teach monetary economics using the classical paradigm of rational agents in a market setting. Too often monetary economics has been taught as a collection of facts about existing institutions for students to memorize. By teaching from first principles instead, the authors aim to instruct students not only in the monetary policies and institutions that exist today in the United States and Canada, but also in what policies and institutions may or should exist tomorrow and elsewhere. The text builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. The authors have added in this third edition new material on money as a means of replacing imperfect social record keeping, the role of currency in banking panics, and a description of the policies implemented to deal with the banking crises that began in 2007.

Table of Contents

Preface
Money:
A simple model of money
Barter and commodity money
Inflation
International monetary systems
Price surprises
Banking:
Capital
Liquidity and financial intermediation
Central banking and the money supply
Money stock fluctuations
Fully backed central bank money
The payments system
Bank risk
Liquidity risk and bank panics
Government Debt:
Deficits and the national debt
Savings and investment
The effect of the national debt on capital and savings
The temptation of inflation
Table of Contents provided by Publisher. All Rights Reserved.

Rewards Program

Write a Review