Money, Banking, and the Economy
eBook - PDF

Money, Banking, and the Economy

A Monetarist View

  1. 558 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Money, Banking, and the Economy

A Monetarist View

About this book

Money, Banking, and the Economy: A Monetarist View presents a systematic "monetarist" approach to money, banking, and the economy. The monetarist approach is a blend of the pre-Keynesian quantity theory, the tradition represented by D. H. Robertson, and the modern monetarist school, represented by Milton Friedman and his followers. A systematic development of a model of nominal income, based upon the Cambridge equation and the loanable funds theory of interest, is presented. This model is applied to the business cycle; inflation and stagflation; balance of payments and foreign exchange rates; and monetary and fiscal policy theories. Comprised of 20 chapters, this book begins with an introduction to the concept of money and its functions and how it contributes to economic instability. The discussion then turns to the new and old definitions of the things that serve as money, the structure and institutions of financial markets and financial instruments; banks, banking markets, and banking regulations; and the money supply process. Subsequent chapters explore the structure and functions of the Federal Reserve System; the problem of implementing monetary policy; the Clower-Leijonhufvud idea of Say's Principle; the quantity theory of money as described by the equation of exchange or the Cambridge equation; and the connection between money and business cycles. The book concludes by describing a monetarist-public choice perspective on the efficacy of monetary and fiscal policies. This monograph will be of value to undergraduate students and economists.

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Yes, you can access Money, Banking, and the Economy by Barry N. Siegel in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Academic Press
Year
2014
Print ISBN
9780126414202
eBook ISBN
9781483277530
Topic
Business
Subtopic
Finance
Index
Business

Table of contents

  1. Front Cover
  2. Money, Banking, and the Economy: A Monetarist View
  3. Copyright Page
  4. Table of Contents
  5. Preface
  6. Chapter 1. Problems of a Money Economy
  7. Chapter 2. The United States Money Stock: Changing Definitions
  8. Chapter 3. Financial Markets and Financial Institutions
  9. Chapter 4. The Banking Business: Fundamentals
  10. Chapter 5. Bank Operations, Regulation, and Structure
  11. Chapter 6. The Money Supply Process
  12. Chapter 7. Organization and Control of the Federal Reserve System
  13. Chapter 8. The Federal Reserve System as a Central Bank
  14. Chapter 9. The Instruments of Monetary Policy
  15. Chapter 10. The Strategy of Monetary Policy
  16. Chapter 11. Say's Principle and Monetary Equilibrium
  17. Chapter 12. Money and the Theory of Money Income
  18. Chapter 13. The Rate of Interest and the Theory of Income
  19. Chapter 14. The Federal Budget and the Economy
  20. Chapter 15. Transmission Mechanism of Monetary Influences on Income
  21. Chapter 16. Money and Business Cycles: The U.S. Experience
  22. Chapter 17. Inflation: Cause and Effects
  23. Chapter 18. Inflation and Unemployment: The Stagflation Problem
  24. Chapter 19. Money, the Balance of Payments, and Exchange Rates
  25. Chapter 20. New Views on Stabilization Policies
  26. Glossary
  27. Index