Description
Book SynopsisThis book sets out, in straightforward, accessible terms, crucial aspects of monetary economics. It opens with an exposition of the fundamental question of what money is and what it does. Distinguished contributors then examine the key role of price stability and how to achieve it. Core issues addressed include:
- an examination of the long run effect of money on prices
- an analysis of the complex and variable relationship between money and fluctuations in the real economy
- an investigation of inflation and its dangerous consequences
- an analysis of the effect of regulation on the stability of financial systems in developed and developing countries
- the relationship between the money supply regime and economic performance
- the effect of monetary fluctuations on the interest rate
- the choice of targets for monetary policy.
This book will be extremely useful to practising economists, students and scholars of financial and monetary economics.
Table of ContentsContents: Introduction 1. What is Money? 2. The Long-run Relationship Between Money and Prices 3. Why Financial Stability Depends on Price Stability 4. Monetary Regimes and Economic Performance: Lessons from History 5. Choice of Target for Monetary Policy 6. Money and Interest Rates 7. Money and Real Output 8. Designing the Post-modern Safety-net: Lessons from Developed and Developing Economies Index
