Modern Money Banking

Author: Wu Kangping
Publisher:
Publish Date: 2002-08-01
Features: This book addresses many intriguing questions in the field of money and finance by exploring the role of money in the economy and examining how financial institutions and markets operate, reflecting the fascinating advancements in the study of money and banking. The purpose of this book is to establish a unified analytical framework for studying money, banking, and financial markets, emphasizing the way of thinking in economics rather than focusing on presenting a large amount of information that will quickly become outdated. This analytical framework uses fundamental economic principles to guide readers' thinking, helping them understand the structure of financial markets, foreign exchange markets, bank management, and the role of money in the economy. At the same time, this unified analytical framework not only makes the material more engaging and ensures that readers' knowledge does not become quickly outdated but also relieves them of the burden of memorizing a large number of facts that will be forgotten after exams. Additionally, adopting a unified analytical framework allows instructors using this textbook to teach based on modern theories grounded in the latest research findings.
To help readers understand and apply this unified analytical framework, the book employs the same approach used in the finest economics principles textbooks: building simple models, carefully analyzing variables that remain stable yet fluctuate, and presenting models step by step in a clear and detailed manner, followed by using these models to explain various phenomena. This meticulous and progressive model helps readers better grasp the learning content.