Monetary Economics

Monetary Economics

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A comprehensive overview of advanced monetary economics, integrating the presentation of monetary theory with empirical formulations and their empirical tests. Unlike most texts this book brings together in a single unified source the core areas of monetary economics. Key features include: * cross-country comparison of central banking in the US, UK and developing countries * theories and empirical studies on money demand, including precautionary and buffer stock models and monetary aggregation * detailed comparison of Keynesian and modern classical macroeconomic theoretical and policy models * a focus on the role of money and financial institutions and growth.There is also a balance of payments deficit, measured from point d to the BB curve: the interest rate at d is below that necessary to restore equilibrium in the balance of payments so that the capital inflows are inadequate for equilibrium.

Title:Monetary Economics
Author:Jagdish Handa
Publisher:Psychology Press - 2000


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