Modeling Monetary Economies

by Bruce Champ, Scott Freeman,

Subject categories
ISBNs
  • 1139065785
  • 9781107003491
  • 9781139065788
  • 9781107486980
This textbook is designed to be used in an advanced undergraduate course. The approach of this text is to teach monetary economics using the classical paradigm of rational agents in a market setting. Too often monetary economics has been taught as a collection of facts about existing institutions for students to memorize. By teaching from first principles instead, the authors aim to instruct students not only in the monetary policies and institutions that exist today in the United States and Canada, but also in what policies and institutions may or should exist tomorrow and elsewhere. The text builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. The authors have added in this third edition new material on money as a means of replacing imperfect social record keeping, the role of currency in banking panics and a description of the policies implemented to deal with the banking crises that began in 2007.
  • Cambridge University Press; May 2011
  • ISBN 9781139065788
  • Read online, or download in secure PDF or secure EPUB format
  • Title: Modeling Monetary Economies
  • Author: Bruce Champ; Scott Freeman; Joseph Haslag
  • Imprint: Cambridge University Press
Subject categories
ISBNs
  • 1139065785
  • 9781107003491
  • 9781139065788
  • 9781107486980

In The Press

'Theory that encourages careful thinking. Applications that demonstrate relevance. All delivered in an easy yet rigorous manner. An essential text for any course in money and banking.' David Andolfatto, Federal Reserve Bank of St Louis

Subject categories
ISBNs
  • 1139065785
  • 9781107003491
  • 9781139065788
  • 9781107486980