Monetary Economics

Author: (Canada) Handa, written by Guo Qingwang and others translated
Publisher:
Publish Date: 2005-04-01
Features: This textbook integrates monetary theory with the achievements of predecessors and combines theoretical exposition 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 aspects:
● 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 aggregate money demand.
● 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. This Monetary Economics only requires students to have a background in principles of economics. Its content is extensive enough to be used in a two-semester course or selectively in a one-semester course. The book focuses on empirical analysis and is intuitive and easy to understand, making the theoretical exploration of monetary economics less obscure. At the same time, the book also has some teaching-friendly features, such as introductions, key concepts, section summaries after chapters, and review questions. This book is suitable for students and teachers of monetary economics, money and banking, and macroeconomics.