Modeling Monetary Economies: Champ, Bruce/ Freeman, Scott - 2nd edition - 2010

Detailed item information

- Description: This text teaches monetary economics using a simple model based on standard microeconomics.
- Key Features: Author(s) Bruce Champ, Scott Freeman
- Publisher: Cambridge University Press
- Date of Publication: 29/01/2001
- Language(s): English
- Format: Hardback
ISBN 10/521/78974/5
ISBN 9/780521/783545
Genre: Economics: Professional & General / Business & Economics / Economic History

Publication Data

- Place of Publication: Cambridge
- Country of Publication: United Kingdom
- Imprint: Cambridge University Press
- Out-of-print date: 09/03/2010
- Content Note:79 b/w illus. 13 tables

Dimensions

- Weight: 755 g
- Width: 177 mm
- Height: 253 mm
- Spine: 28 mm
- Pagination: 344

Editorial Details

- Edition Statement: 2nd Revised edition
-Table Of Contents

Preface;

Part I. Money:
1. A simple model of money;
2. Barter and commodity money;
3. Inflation;
4. International monetary systems;
5. Price surprises;

Part II. Banking:
6. Capital;
7. Liquidity and financial intermediation;
8. Central banking and the money supply;
9. Money stock fluctuations;
10. Fully backed central bank money;
11. The payments system;
12. Bank risk; Part III. Government Debt:
13. Deficits and the national debt;
14. Savings and investment;
15. The effect of the National Debt on capital and savings;
16.The temptation of inflation;

References; Index.

*** Description: "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, clear monetary model and applies this framework consistently to a wide variety of monetary questions.

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