Modeling Monetary Economies - pr_289421

Modeling Monetary Economies

By Bruce Champ, Scott Freeman, Joseph Haslag

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Too often monetary economics has been taught as a collection of facts about institutions for students to memorize. By teaching from first principles instead, this advanced undergraduate textbook builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. Starting with the case in which trade is mutually beneficial, the book demonstrates that money makes people better off, and that government money competes against other means of payments, including other types of government money. After developing each of these topics, the book tackles the issue of money competing against other stores of value, examining issues associated with trade, finance, and modern banking. The book then moves from simple economies to modern economies, addressing the role banks play in making more trades possible, concluding with the information problems plaguing modern banking, which result in financial crises.

Product code: 9781316508671

ISBN 9781316508671
Dimensions (HxWxD in mm) H254xW178xS22
No. Of Pages 400
Publisher Cambridge University Press
Edition 4th Revised edition
Designed to be used in advanced undergraduate or master's courses in monetary economics, money and banking, international economics, or macroeconomics, this new edition builds on a simple, clear monetary model and applies this framework consistently to explain trade, finance, modern banking, and crises in complex modern economies.