This book sets out, in straightforward, accessible terms, crucial
aspects of monetary economics. It opens with an exposition of the
fundamental question of what money is and what it does.
Distinguished contributors then examine the key role of price
stability and how to achieve it. Core issues addressed include: an
examination of the long run effect of money on prices an analysis
of the complex and variable relationship between money and
fluctuations in the real economy an investigation of inflation and
its dangerous consequences an analysis of the effect of regulation
on the stability of financial systems in developed and developing
countries the relationship between the money supply regime and
economic performance the effect of monetary fluctuations on the
interest rate the choice of targets for monetary policy. This book
will be extremely useful to practising economists, students and
scholars of financial and monetary economics.
General
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