Modern Money Theory
Title | Modern Money Theory PDF eBook |
Author | L. Randall Wray |
Publisher | Springer |
Pages | 322 |
Release | 2015-09-22 |
Genre | Business & Economics |
ISBN | 1137539925 |
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
Macroeconomics and the Financial System
Title | Macroeconomics and the Financial System PDF eBook |
Author | N. Gregory Mankiw |
Publisher | Macmillan |
Pages | 642 |
Release | 2011 |
Genre | Business & Economics |
ISBN | 1429253673 |
Watch this video interview with Greg Mankiw and Larry Ball discussing the future of the intermediate macroeconomics course and their new text. Check out preview content for Macroeconomics and the Financial System here. The financial crisis and subsequent economic downturn of 2008 and 2009 was a dramatic reminder of what economists have long understood: developments in the overall economy and developments in the financial system are inextricably intertwined. Derived and updated from two widely acclaimed textbooks (Greg Mankiw’s Macroeconomics, Seventh Edition and Larry Ball’s Money, Banking, and the Financial System), this groundbreaking text is the first and only intermediate macroeconomics text that provides substantial coverage of the financial system.
Time and Money
Title | Time and Money PDF eBook |
Author | Roger W Garrison |
Publisher | Routledge |
Pages | 289 |
Release | 2000-10-19 |
Genre | Business & Economics |
ISBN | 1134895909 |
Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.
Money, Banking, and Financial Markets
Title | Money, Banking, and Financial Markets PDF eBook |
Author | Dale K. Cline |
Publisher | Routledge |
Pages | 191 |
Release | 2022-03-22 |
Genre | Business & Economics |
ISBN | 100055256X |
This innovative text offers an introduction to money, banking, and financial markets, with a special emphasis on the importance of confidence and trust in the macroeconomic system. It also presents the theory of endogenous money creation, in contrast to the standard money multiplier and fractional reserve explanation found in other textbooks. The U.S. economy and financial institutions are used to explain the theoretical and practical framework, with international examples weaved in throughout the text. It covers key topics including monetary policy, fiscal policy, accounting principles, credit creation, central banks, and government treasuries. Additionally, the book considers the international economy, including exchange rates, the Eurozone, Chinese monetary policy, and reserve currencies. Taking a broad look at the financial system, it also looks at banking regulation, cryptocurrencies, real estate, and the oil and gold commodity markets. Students are supported with chapter objectives, key terms, and problems. A test bank is available for instructors. This is an accessible introductory textbook for courses on money and banking, macroeconomics, monetary policy, and financial markets.
Modern Monetary Theory and European Macroeconomics
Title | Modern Monetary Theory and European Macroeconomics PDF eBook |
Author | Dirk H. Ehnts |
Publisher | Routledge |
Pages | 239 |
Release | 2016-10-14 |
Genre | Business & Economics |
ISBN | 1317224795 |
This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank. While households and firms hold accounts at banks with deposits, banks hold an account at the central bank where deposits are called reserves. The book aims to explain how the two monetary circuits – central bank deposits and bank deposits – are intertwined. It is also shown how government spending injects money into the economy. Modern Monetary Theory and European Macroeconomics covers both the general case and then the Eurozone specifically. A very simple macroeconomic model follows which explains the major accounting identities of macroeconomics. Using this new methodology, the Eurozone crisis is examined from a fresh perspective. It turns out that not government debt but the stagnation of private sector debt was the major economic problem and that cuts in government spending worsened the economic situation. The concluding chapters discuss what a solution to the current problems of the Eurozone must look like, with scenarios that examine a future with and without a euro. This book provides a detailed balance sheet view of monetary and fiscal operations, with a focus on the Eurozone economy. Students, policy-makers and financial market actors will learn to assess the institutional processes that underpin a modern monetary economy, in times of boom and in times of bust.
Horizontalists and Verticalists
Title | Horizontalists and Verticalists PDF eBook |
Author | Basil J. Moore |
Publisher | |
Pages | 420 |
Release | 1988 |
Genre | Business & Economics |
ISBN | 9780521350792 |
Challenging the validity of much of mainstream macroeconomics, Basil Moore argues that the money supply in modern economies is not under the control of central banks, but rather is determined by borrower demand for bank credit. He then explores the implications of this perception for conventional macroeconomic theory. Mainstream analysis takes the view that central banks have it in their power to initiate exogenous changes in the nominal supply of money. In contrast to this "verticalist" view, this book contends that the supply of credit money is endogenous, and responds to changes in the demand for bank credit. This new "horizontalist" view holds that cental banks have the ability to set the supply price of money through short term interest rates, but not the quantity of money. Concluding that a new macroeconomic paradigm must be developed, Moore attempts to initiate the larger task of theory reconstruction that lies ahead.
Money, Macroeconomics, and Economic Policy
Title | Money, Macroeconomics, and Economic Policy PDF eBook |
Author | William C. Brainard |
Publisher | MIT Press |
Pages | 392 |
Release | 1991 |
Genre | Business & Economics |
ISBN | 9780262023252 |
These original contributions celebrate and extend Tobin's contributions to macroeconomics, international economics, finance, and economic policy.