Money and Banking

Author: Jiang Qiwu
Publisher:
Publish Date: 2001-08-01
Features: Monetary economics is a significant branch of economics, particularly one of the core contents of macroeconomics research. The compilation of this textbook is based on the long-term development and accumulation of disciplinary achievements, fully considering the new characteristics of the financial industry in the 21st century and the new dynamics of financial theory development. Under the framework of the WTO, it reflects the new situation of China's financial reform and opening-up, adhering to the logic of inheritance, abandonment, and development. The textbook teaches the fundamental theories, basic knowledge, and essential skills of monetary economics, striving to keep pace with theoretical, perspective, and content developments.
The textbook focuses on monetary finance, with the currency, currency circulation, and currency regulation as its main threads. Chapters 1-8 introduce the content and institutional arrangements of financial elements such as financial objects, instruments, institutions, and markets. Chapters 9-10 analyze the relationship and creation mechanism between commercial banks, the central bank, and money creation. Chapters 11-15 elaborate on the fundamental principles of money demand, supply, equilibrium, regulatory mechanisms, and operational tools. Chapters 16-17, starting from the vulnerability characteristics of finance, discuss the necessity and feasibility of preventing financial risks and maintaining financial security, introducing theories on the interrelationship between financial development and economic development, as well as the trajectory and future prospects of China's financial reform.