What do you need to know about financial innovation, financial liberalisation and deregulation? Do you know what purpose monetary policy serves in the economy? What is the role of interest rates?
The second edition of Monetary Economics will look into these matters and other topical issues such as the subprime crisis.
The text uses a step-by-step approach to technical areas such as formulae and graphs.
The book takes a look at South African as a developing country within the wider global arena. Monetary Economics is written in a concise and accessible level for Economics students at senior undergraduate and Honours level.
Features
- Opening vignettes
- Discussion boxes
- Closing case study with questions
- Self-assessment questions
1. The nature and scope of monetary economics
2. The evolution of money
3. The financial system
4. The money-supply process
5. The demand for money
6. Interest rates
7. Exchange rates
8. Inflation
9. A framework for monetary policy
10. Monetary-policy in South Africa
11. Monetary-policy operational procedures in South Africa
12. Monetary-policy transmission mechanism
13. Monetary and fiscal interdependence
14. Financial stability and the central bank
15. Monetary-policy co-operation
Monetary Economics is primarily prescribed in Economics departments at senior undergraduate and Honours level.
