A New Theory of Monetary Equilibrium Based on Empirical Studies in Japan and China

Author: Guo Fumin
Publisher:
Publish Date: 2003-09-01
Features: This book will analyze the causes of economic recession and stagnation in China and Japan from the perspective of monetary equilibrium and propose countermeasures. Previous monetary theories, due to the lack of clarification on the quantity of money demand, had to use the rate of price changes to judge the two monetary imbalance phenomena of inflation and deflation. This can be considered a significant misunderstanding in monetary theory.