| Document Type
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BL
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| Record Number
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988537
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| Doc. No
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b742907
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| Main Entry
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Champ, Bruce.
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| Title & Author
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Modeling monetary economies /\ Bruce Champ and Scott Freeman.
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| Edition Statement
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2nd ed.
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| Publication Statement
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Cambridge [England] ;New York :: Cambridge University Press,, 2001.
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| Page. NO
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1 online resource (xvii, 325 pages) :: illustrations
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| ISBN
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0511041055
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: 0511118848
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: 0521783542
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: 0521789745
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: 9780511041051
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: 9780511118845
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: 9780521783545
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: 9780521789745
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0521783542
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0521789745
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| Bibliographies/Indexes
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Includes bibliographical references (pages 307-312) and indexes.
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| Contents
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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.
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| Abstract
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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.
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| Subject
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Money-- Mathematical models.
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| Subject
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BUSINESS ECONOMICS-- Money Monetary Policy.
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| Subject
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Money-- Mathematical models.
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| Dewey Classification
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332.4/01/5118
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| LC Classification
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HG221.C447 2001eb
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| Added Entry
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Freeman, Scott.
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