عنوان

Modeling monetary economies /

(Number (ISBN

0511041055

(Number (ISBN

0511118848

(Number (ISBN

0521783542

(Number (ISBN

0521789745

(Number (ISBN

9780511041051

(Number (ISBN

9780511118845

(Number (ISBN

9780521783545

(Number (ISBN

9780521789745

Erroneous ISBN

0521783542

Erroneous ISBN

0521789745

Number

b742907

Title Proper

Modeling monetary economies /

General Material Designation

[Book]

First Statement of Responsibility

Bruce Champ and Scott Freeman.

Edition Statement

2nd ed.

Place of Publication, Distribution, etc.

New York :

Name of Publisher, Distributor, etc.

Cambridge University Press,

Date of Publication, Distribution, etc.

2001.

Specific Material Designation and Extent of Item

1 online resource (xvii, 325 pages) :

Other Physical Details

illustrations

Text of Note

Includes bibliographical references (pages 307-312) and indexes.

Text of Note

Cover -- Half-title -- Title -- Copyright -- Contents -- Preface -- Part I Money -- Chapter 1 A Simple Model of Money -- Building a Model of Money -- The Environment -- Preferences -- The Economic Problem -- Feasible Allocations -- Decentralized Solutions -- Finding the Demand for Fiat Money -- Is This Monetary Equilibrium the Golden Rule? -- A Monetary Equilibrium with a Growing Economy -- Summary -- Exercises -- Appendix: Using Calculus -- Chapter 2 Barter and Commodity Money -- A Model of Barter -- What Should be Used as Money? -- A Model of Commodity Money -- Summary -- Exercises -- Chapter 3 Inflation -- A Growing Supply of Fiat Money -- Financing Government Purchases -- The Limits to Seigniorage -- Summary -- Exercises -- Appendix: Equilibrium Consumption Is at the Edge of the Feasible Set -- Chapter 4 International Monetary Systems -- A Model of International Exchange -- Foreign Currency Controls -- The Indeterminacy of the Exchange Rate -- Fixing the Exchange Rate -- The Optimal International Monetary System -- Summary -- Exercises -- Chapter 5 Price Surprises -- The Data -- Expectations and the Neutrality of Money -- The Lucas Critique of Econometric Policy Evaluation -- Optimal Policy -- Summary -- Exercises -- Appendix: A Proof by Contradiction -- Part II Banking -- Chapter 6 Capital -- Capital -- Rate-of-Return Equality -- Can Fiat Money Coexist with Another Asset? -- When Fiat Money and Other Assets Are Not Substitutes -- Risk -- Summary -- Exercises -- Appendix A: A Model of Private Debt -- Appendix B: The Golden Rule Capital Stock -- Chapter 7 Liquidity and Financial Intermediation -- Money as a Liquid Asset -- The Business of Banking -- Summary -- Exercises -- Appendix -- Chapter 8 Central Banking and the Money Supply -- Legal Restrictions on Financial Intermediation -- Reserve Requirements -- Central Bank Lending -- Summary -- Exercises -- Chapter 9 Money Stock Fluctuations -- The Correlation Between Money and Output -- A Model of Currency and Deposits -- Linking Output and the Money Multiplier -- Anticipated Inflation and Output Revisited -- Summary -- Appendix: The Money Supply with Reserves and Currency -- Chapter 10 Fully Backed Central Bank Money -- Paying Interest on Money -- Another Look at the Quantity Theory -- Deflation -- Currency Boards -- Summary -- Exercises -- Appendix: Price Level Indeterminacy -- Chapter 11 The Payments System -- A Model of the Clearing of Debt -- Institutions for the Clearing of Debt -- Providing Liquidity -- A Potential for an Inflationary Overissue of Bank Notes -- The Short-Term Interest Rate -- Summary -- Chapter 12 Bank Risk -- Demand Deposit Banking -- Bank Runs -- Preventing Panics -- Bank Failures -- The Moral Hazard of Deposit Insurance -- The Importance of Capital Requirements -- Summary -- Exercises -- Part III Government Debt --tidtid1592.

0

Text of Note

Uniquely among monetary textbooks, this text teaches monetary economics using a simple model based on standard microeconomics. The model is clearly and explicitly specified so that students see and participate in discovering the implications of the model for monetary questions.

Title

Modeling monetary economies.

Money-- Mathematical models.

BUSINESS & ECONOMICS-- Money & Monetary Policy.

Money-- Mathematical models.

BUS-- 045000

Number

Edition

Class number

Book number

Champ, Bruce.

Freeman, Scott.

Date of Transaction

20201204033127.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y