A pioneering work in comparative monetary and financial studies,
this is the first international comparative, empirical study of the
money supply process (MSP) that involves all of the basic types of
economies and institutional economic systems at all levels of
economic development. As the authors note at the outset, the highly
relative nature of the MSP contributes to wide differences in the
MSP in different types of economies. Yet the MSP is one of the most
important topics of both monetary theory and monetary practice. The
comparative approach adopted here enables the authors to explain
the differences that do occur in the MSP across economies and what
causes them. By properly defining the general theory and overall
monetary theory of MSP, the authors offer the reader both a better
understanding of the national MSP and a broad framework of
possibilities for improving the efficiency of monetary policy.
The authors begin by describing their approach to an analysis of
the MSP in national economies and the concepts and models used in
this analysis. They then explain the classification of economies
used in the study and their methodological approach, which is based
on a two-dimensional flow of funds accounts matrix. Four chapters
present the empirical evidence derived from this approach. Included
are both a holistic analysis and a structural comparative analysis
of the MSP. A separate chapter presents a comparative analysis
involving 100 countries of the MSP during the 1978-83 time period.
Finally, the authors look at the influence of the
balance-of-payments and of domestic institutional sectors on the
MSP. Their concluding chapters summarize their findings and point
the way to further research in this area. Scholars and policymakers
in economics, macroeconomics, and monetary policy will find this an
illuminating addition to the literature of the money supply
process.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
