Monetary Economics

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.