Monetary Economics in Globalised Financial Markets

verfasst von: Ansgar Belke, Thorsten Polleit

Verlag: Springer Berlin Heidelberg

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

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Inhaltsverzeichnis

Frontmatter

Chapter 1. Money and Credit Supply

“Money is a little like an airplane – marvellous when it works, frustrating when it is immobilised, and tragic when it crashes.” Money is one of man’s great inventions, and it is a crucial part of the pervasive framework of a society organised along the lines of free markets – characterised by private property, the division of labour and free trade. It has become common practise to define money as the universally accepted means of exchange.

Ansgar Belke, Thorsten Polleit

Chapter 2. Money and Credit Demand

Classical Demand for Money Theory

The quantity theory of money, dating back to contributions made in the mid-16th century by Spanish Scholastic writers of the Salamanca School, is one of the oldest theories in economics (de Soto, 2006, p. 603). In his book The Purchasing Power of Money (1911), Fisher gave the quantity theory, as inherited from his classical and pre-classical predecessors, its modern formulation. Fisher’s version, typically termed equation of exchange or transaction approach can be stated as:

Ansgar Belke, Thorsten Polleit

Backmatter

Titel: Monetary Economics in Globalised Financial Markets
verfasst von: Ansgar Belke
Thorsten Polleit
Verlag: Springer Berlin Heidelberg
Electronic ISBN: 978-3-540-71003-5
Print ISBN: 978-3-540-71002-8
DOI: https://doi.org/10.1007/978-3-540-71003-5

Springer Professional

Monetary Economics in Globalised Financial Markets

Inhaltsverzeichnis

Frontmatter

Chapter 1. Money and Credit Supply

Chapter 2. Money and Credit Demand

Chapter 3. Interest Rate Theories

Chapter 4. Financial Market Asset Pricing

Chapter 5. Causes, Costs and Benefits of Sound Money

Chapter 6. Theory of Monetary Policy

Chapter 7. Transmission Mechanisms

Chapter 8. Monetary Policy Strategies

Backmatter