This textbook seeks to break new ground in developing an integrated
and comprehensive overview of advanced monetary economics. It
achieves this by integrating the presentation of monetary theory
with its heritage, empirical formulations and their empirical
tests. Rather than confine the coverage to the demand and supply of
money, or to macroeconomic and monetary policy, the book brings
together the core areas of monetary economics in a single
source.;Key features include: cross-country comparison of central
banking in the USA, UK and Canada as well as in developing
countries; theories and empirical studies of money demand,
including precautionary and buffer stock models and monetary
aggregation; detailed comparison of Keynesian and modern classical
macroeconomic theory and policy models; focus on the role of money
and financial institutions and growth, including the contribution
of endogenous growth theory to the understanding of financial
institutions in the economy. Students may in particular welcome the
close integration between theories and their empirical studies.;
Requiring only a grounding in the principles of economics, this
text is comprehensive enough to be used on a two t
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