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.Canada, the UK and the USA have traditionally followed this method. ... Any announced change in this rate acts as an indicator of the Banka#39;s future intentions about the interest rates that it will support through its open market operations and therefore ... Any advances are normally for only a few days and often overnight.

Title:Monetary Economics
Author:Jagdish Handa
Publisher:Routledge - 2002-11-01


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