Monetary Economics

Author: Zhang Shangxue
Publisher:
Publish Date: 2001-12-01
Features: This book is divided into two parts, micro and macro, each consisting of five chapters. The micro part first analyzes microfunctions and utility, logically laying the foundation for the existence and development of all financial activities and their markets. In Chapters 2 and 3, it systematically examines the formation of microfinancial activities and the characteristics of various financial participants, dedicating significant space to explaining the main modes of financial activities in the modern economy and the business activities and features of various financial institutions in the financial intermediation service system. Chapters 4 and 5 focus specifically on microfinancial pricing mechanisms and market mechanisms, providing systematic analysis and elaboration on the determination of financial product prices, the functions and forms of financial markets, and the principles of financial engineering. The macro part begins with Chapter 6 and extends to Chapter 10, covering topics such as the macrofunctions of money and monetary systems, theories of money supply and demand and monetary equilibrium, theories of inflation and deflation, monetary policy theory, and the theory and practice of financial reform, innovation, and development. In terms of content arrangement, to ensure tighter connections between different parts within the same theoretical and knowledge unit and to facilitate flexible mastery during teaching, special sections or footnotes have been inserted for theoretical units requiring further proof or emphasis, as well as for places where it is necessary to expand knowledge.