This book integrates the fundamentals of monetary theory, monetary policy theory and financial market theory, providing an accessible and comprehensive introduction to the many-sided interrelations between these fields of research. It provides the reader with the intellectual groundwork indispensable for understanding the workings and interactions of today's globalised financial markets. The topics addressed in this book include, inter alia, alternative money supply regimes, money demand functions, monetary policy transmission, monetary policy effectiveness and the natural rate of unemployment, monetary political business cycles, and monetary policy strategies. Basic valuation models for stocks, and bonds and asset price linkages across currency areas are covered as well. Illustrated by carefully chosen examples and supported by extensive data analyses, this book is highly recommended to readers who seek an in-depth and up-to-date integrated overview about the ever-expanding theoretical and quantitative fields of monetary and financial economics.
| ISBN | 3642146384 | | Pages | 832 | | ISBN13 | 9783642146381
(What's this?) | | Weight (grammes) | 1245 | | Publisher | Springer-Verlag Berlin and Heidelberg GmbH & Co. KG | | Published in | Berlin | | Imprint | Springer-Verlag Berlin and Heidelberg GmbH & Co. K | | Height (mm) | 235 | | Format | Paperback | | Width (mm) | 155 | | Publication date | 01 Sep 2010 | | Spine width (mm) | 25 | | DEWEY | 332.46 | | Academic level | Professional / Scholarly | | DEWEY edition | DC22 | |
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Introduction.- Money and credit supply.- Money and credit demand.- The interest rate.- Financial market asset pricing.- The monetary view of the exchange rate.- Causes, costs and benefits of stable money.- Monetary policy theory.- Transmission mechanisms.- Monetary policy strategies.- Monetary open-economy macroeconomics.
Aus den Rezensionen: "... Rigoros, mit zahlreichen Quellenverweisen und umfangreichem Index, wartet das Buch mit vielen zeitgenossischen und zeitgeschichtlichen Beispielen aus der Wirtschaftspolitik auf. Damit wird das vermeintlich trockene Thema Geldtheorie lebendiger als in anderen Werken dieses Schlags. Die mathematischen Erklarungen und Herleitungen sind mit Grundkenntnissen in Differenzialrechnung zu verstehen. Die einzelnen Abschnitte von 'Monetary Economics' sind damit zuganglicher, als es dem Volumen nach auf den ersten Blick aussieht. Bei dem nicht unerheblichen Gewicht ... eignet sich das Buch am besten als Nachschlagewerk ..." (in: Borsen-Zeitung, 27/February/2010, S. 19)
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