MODELING MONETARY ECONOMIES by Bruce Champ, Scott Freeman, Joseph Haslag ( 9781316508671 )

Item Details

Title:

MODELING MONETARY ECONOMIES

By:

Bruce Champ, Scott Freeman, Joseph Haslag

Format:

Paperback

List price:

£41.99

Our price:

£37.79

Discount:

10% off

You save:

£4.20

ISBN 10:

1316508676

ISBN 13:

9781316508671

Availability:

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Stock:

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

9 May, 2016

Edition:

4th Revised edition

Pages:

400

Description:

This new edition builds on first principles starting from a simple, clear monetary model to explain complex modern economies.

Synopsis:

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.

Illustrations:

108 b/w illus. 25 tables

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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