Modeling monetary economies:
Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Champ, Bruce (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge [England] Cambridge University Press 2001
Ausgabe:2nd ed
Schlagworte:
Online-Zugang:FAW01
FAW02
Volltext
Beschreibung:Includes bibliographical references (p. 307-312) and indexes
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
Beschreibung:1 Online-Ressource (xvii, 325 p.)
ISBN:0511041055
0511118848
9780511041051
9780511118845

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