Money in a Theory of Finance

Money in a Theory of Finance PDF Author: John G. Gurley
Publisher: Brookings Institution Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 396

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Book Description

Money in a Theory of Finance

Money in a Theory of Finance PDF Author: John G. Gurley
Publisher: Brookings Institution Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 396

Get Book Here

Book Description


Money in a Theory of Finance

Money in a Theory of Finance PDF Author: John G. Gurley
Publisher:
ISBN:
Category :
Languages : en
Pages : 371

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Book Description


Money in a theory of finance

Money in a theory of finance PDF Author: John G. Gurley
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 371

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Book Description


Money in a Theory of Finance

Money in a Theory of Finance PDF Author: John G. Gurley
Publisher:
ISBN:
Category :
Languages : en
Pages : 371

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Book Description


Modern Money Theory

Modern Money Theory PDF Author: L. Randall Wray
Publisher: Springer
ISBN: 1137539925
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

Money: Theory and Practice

Money: Theory and Practice PDF Author: Jin Cao
Publisher: Springer Nature
ISBN: 3030196976
Category : Business & Economics
Languages : en
Pages : 412

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Book Description
This textbook provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The book presents both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses recent research on an intuitive level based on simple static and two-period models, but also prepares readers for an extension to a truly dynamic analysis. Further, it offers a systematic perspective on monetary policy, covering a wide range of models to help readers gain a better understanding of controversial issues. Part I examines the long-run perspective, addressing classical monetary policy issues such as determination of the price level and interaction between monetary and fiscal policy. Part II introduces the core New Keynesian model, characterizing optimal monetary policy to stabilize short-term shocks. It discusses rules vs. discretion and the challenges arising from control errors, imperfect information and robustness issues. It also analyzes optimal control in the presence of an effective lower bound. Part III focuses on modelling financial frictions. It identifies the transmission mechanisms of monetary policy via banking and introduces models with incomplete markets, principal-agent problems, maturity mismatch and leverage cycles, to show why investors’ and intermediaries’ own stakes play a key role in lending with pro-cyclical features. In addition, it presents a tractable model for handling liquidity management and demonstrates that the need to sell assets in crisis amplifies the volatility of the real economy. Lastly, the book discusses the relation between monetary policy and financial stability, addressing systemic risk and the role of macro-prudential regulation.

Money in a Theory of Finance

Money in a Theory of Finance PDF Author: John G. Gurley
Publisher:
ISBN:
Category :
Languages : en
Pages : 371

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Book Description


Theory of Money

Theory of Money PDF Author: Jacob T. Schwartz
Publisher: Routledge
ISBN: 1351797808
Category : Business & Economics
Languages : en
Pages : 136

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Book Description
This title, first published in 1965, provides an analysis of the forces and mechanisms governing the formation of the overall level of money prices. Even though this problem has a long history, and in spite of its obvious practical importance, it remains one of the most poorly understood questions in economic theory. This title will be of interest to students of monetary economics and the history of economic thought.

Money in a Theory of Finance

Money in a Theory of Finance PDF Author: John G. Gurley
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


New Approaches to Monetary Theory

New Approaches to Monetary Theory PDF Author: Heiner Ganßmann
Publisher: Routledge
ISBN: 1136820132
Category : Business & Economics
Languages : en
Pages : 291

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Book Description
Everybody uses money every day, but we rarely stop to think about how money works. In this book, scholars from different disciplines seek to answer that question; from historians to economists, sociologists, a philosopher and a physicist. Money works as a social construction because we have mutual expectations that support its use – despite the seeming irrationality of trading valuable things or doing strenuous work for pieces of paper or numbers in accounts. Recently, there has been a revival of interest in monetary theory, not least because the impacts of globalizing markets and of new communication and information technologies have changed the forms of money. The deep crisis of the financial system has demonstrated the importance of a functioning monetary system and although renewed interest in this has led to significant contributions in various fields, it remains true that no social science discipline on its own is sufficiently equipped to explain the basic workings of monetary systems, their rapid innovation and their effects on social, economic and political structures. The contributors to this book report on their latest research on the origins of money, on the nature of monetary transactions, on money and the state, and on the role of money and finance in the recent global crisis. They show how established theories of money and the policies guided by these theories went wrong. This collection will be a valuable resource for students and researchers seeking a deeper understanding of money.