Monetary Economics: 2nd Edition

Author: (Canada) Handa Guo Qingwang
Publisher:
Publish Date: 2005-04-01
Features: This textbook integrates monetary theory with the achievements of predecessors and combines theoretical elaboration with empirical testing, creating a new realm of comprehensive advanced monetary economics. Although many advanced concepts primarily manifest in the supply and demand of money or in macroeconomics and monetary policy due to their inherent nature, these concepts touch upon the core areas of monetary economics. The main features of this book include the following:
● A comparative analysis of the central banking systems of the United States, the United Kingdom, and Canada, as well as an examination of the characteristics of central banks in developing countries.
● Theoretical and empirical research on money demand, including precautionary models, buffer stock models, and money aggregates.
● A detailed comparison of Keynesian, neoclassical, and modern classical macroeconomic theories and policy models.
● Emphasis on the role of money, financial institutions, and growth, including the contribution of endogenous growth theory to understanding financial institutions.
● The overlapping generations model of money and its evaluation.
Students will particularly appreciate this textbook's close integration of theory and empirical research. Monetary Economics only requires students to have a background in principles of economics. Its content is extensive enough for a two-semester course or can be selectively used for a one-semester course. The book focuses on empirical analysis and is intuitive and easy to understand, making theoretical discussions in monetary economics less obscure. Additionally, the book has several teaching-friendly features, such as introductions, key concepts, section summaries, and review questions at the end of each chapter. This book is suitable for students and teachers of monetary economics, monetary banking, and macroeconomics.