This successful text, w in its second edition, offers the most comprehensive overview of monetary ecomics and monetary policy currently available. It covers the microecomic, macroecomic and monetary policy components of the field. Major features of the new edition include: * Stylised facts on money demand and supply, and the relationships between monetary policy, inflation, output and unemployment in the ecomy. * Theories on money demand and supply, including precautionary and buffer stock models, and monetary aggregation. * Cross-country comparison of central banking and monetary policy in the US, UK and Canada, as well as consideration of the special features of developing countries. * Monetary growth theory and the distinct roles of money and financial institutions in ecomic growth in promoting endogeus growth. This book will be of interest to teachers and students of monetary ecomics, money and banking, macroecomics and monetary policy.
McGill University, Canada
Taylor & Francis Ltd
Date of Publication
Economics: Professional & General
Place of Publication
Country of Publication
68 black & white illustrations, 8 black & white tables, 68 black & white line drawings