Currency, banking and monetary policy

Author: Du Yabin
Publisher:
Publish Date: 2002-02-01
Features: This book is a significant academic work on monetary banking. While elaborating on the fundamental principles of monetary banking and its latest developments, the author also conducts innovative explorations on major theoretical and practical issues. The book is divided into five parts. Part I is about the theory of money and monetary capital, analyzing the nature, historical role, and functions of money, as well as issues related to the circulation of monetary capital. Part II studies interest capital, researching and elaborating on the nature and circulation of interest capital, the determination and measurement of interest rates, and the functions and types of financial markets. Part III examines financial capital, focusing on commercial banks after introducing the nature and functions of various financial institutions. Part IV covers the macro movement of monetary funds, analyzing the social fund management institutions—the central bank—as well as the overall circulation of monetary funds. Part V discusses the theory and practice of monetary policy.