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Modeling Monetary Economies

ISBN: 9781107003491 | 1107003490
Edition: 3rd
Format: Hardcover
Publisher: Cambridge Univ Pr
Pub. Date: 5/9/2011

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SummaryTable of Contents
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, cle... MORE
... MORE
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.


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