Modeling monetary economies /
Champ, Bruce.
Modeling monetary economies / Bruce Champ, Scott Freeman, Joseph Haslag. - Fourth edition. - Newyork : Cambridge, 2016. - xviii, 388 pages.: illustrations; 26 cm.
Includes bibliographical references and index.
"Too often monetary economics has been taught as a collection of facts about institutions for students to memorize. By teaching from first principles instead, this advanced undergraduate textbook builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. Starting with the case in which trade is mutually beneficial, the book demonstrates that money makes people better off, and that government money competes against other means of payments, including other types of government money. After developing each of these topics, the book tackles the issue of money competing against other stores of value, examining issues associated with trade, finance, and modern banking. The book then moves from simple economies to modern economies, addressing the role banks play in making more trades possible, concluding with the information problems plaguing modern banking, which result in financial crises"--
9781107145221 9781316508671
2016000897
Money--Mathematical models.
HG221 / .C447 2016
339.5/301
Modeling monetary economies / Bruce Champ, Scott Freeman, Joseph Haslag. - Fourth edition. - Newyork : Cambridge, 2016. - xviii, 388 pages.: illustrations; 26 cm.
Includes bibliographical references and index.
"Too often monetary economics has been taught as a collection of facts about institutions for students to memorize. By teaching from first principles instead, this advanced undergraduate textbook builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. Starting with the case in which trade is mutually beneficial, the book demonstrates that money makes people better off, and that government money competes against other means of payments, including other types of government money. After developing each of these topics, the book tackles the issue of money competing against other stores of value, examining issues associated with trade, finance, and modern banking. The book then moves from simple economies to modern economies, addressing the role banks play in making more trades possible, concluding with the information problems plaguing modern banking, which result in financial crises"--
9781107145221 9781316508671
2016000897
Money--Mathematical models.
HG221 / .C447 2016
339.5/301