Currency Theory and Monetary Policy

Author: Hu Haiou
Publisher:
Publish Date: 2004-03-01
Features: This book is part of the "Shanghai Jiao Tong University Business Administration Series Textbooks" and primarily introduces and analyzes the theories and policies of contemporary monetary banking systems and central bank macroeconomic regulation. The book focuses on the international new developments in the field of monetary and financial issues, highlighting the forefront of theory. In terms of teaching methods, it emphasizes the differences between classic theories and China's actual practices, analyzing and discussing the reasons for these differences, and researching countermeasures to narrow such gaps. The book mainly introduces and analyzes the theories and policies related to contemporary monetary banking systems and central bank macroeconomic regulation. It covers topics such as the nature and definition of money, the level and structure of interest rates, the role and impact of money supply and demand, monetary analysis under general equilibrium conditions, the causes and driving forces of financial deepening and innovation, the influence of rational expectations monetary theory, the role of horizontalism monetary supply theory, the selection of fiscal and monetary policies, monetary analysis in open economies, the development of regional currencies, the international transmission of economic crises, the intermediate targets and transmission mechanisms of monetary policy, and the evolution of the three major monetary policy tools. The book focuses on the international new developments in related issues, highlighting the forefront of theory.