{"product_id":"modeling-monetary-economies-paperback-9781009096508","title":"Modeling Monetary Economies (Paperback \/ softback) 9781009096508","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eModeling Monetary Economies\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eFor advanced monetary economics and money and banking courses. A first principles approach with increased cryptocurrency coverage.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eBruce Champ (Author), Scott Freeman (Author), Joseph H. Haslag (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009096508, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 2 June 2022\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e475 pages\u003cbr\u003e25.4 x 17.6 x 2.3 cm, 0.78 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'The textbook Modeling Monetary Economies provides a rigorous treatment of money, banking, and financial intermediation within a unified framework that is accessible to advanced undergraduate students. It addresses the most fundamental questions in monetary theory - e.g., Can fiat money be valued in equilibrium? Can it coexist with interest-bearing assets? Why do banks exist? - without shortcuts. It also covers material that is relevant for today's problems, including cryptocurrencies and blockchain technologies, the design of payment systems, bank regulations, the welfare costs of inflation … It is a must-read for all students interested in monetary issues.' Guillaume Rocheteau, University of California, Irvine\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThoroughly updated and expanded with a new chapter on blockchain and increased coverage of cryptocurrency, as well as new data, this established advanced undergraduate textbook approaches the subject via first principles. It builds on a simple, clear monetary model and applies this framework consistently to a variety of monetary questions. Starting with trade being mutually beneficial, the authors demonstrate that money makes people better off, and that government money competes against other means of payments, including other types of government payments. 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. From simple economies to modern economies, the authors address the role banks play in making more trade possible, concluding with the information problems plaguing modern banking.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of figures\u003cbr\u003e List of tables\u003cbr\u003e Preface\u003cbr\u003e Part I. Money\u003cbr\u003e 1. The economy and the planner's solution\u003cbr\u003e 2. Equilibrium trade in the economy without money\u003cbr\u003e 3. A simple model of money\u003cbr\u003e 4. Barter and commodity money\u003cbr\u003e 5. Inflation\u003cbr\u003e 6. International monetary systems\u003cbr\u003e 7. Price surprises\u003cbr\u003e Part II. Capital and Banking\u003cbr\u003e 8. Capital\u003cbr\u003e 9. Liquidity and financial intermediation\u003cbr\u003e 10. Central banking and the money supply\u003cbr\u003e 11. Money stock fluctuations\u003cbr\u003e 12. Fully backed central bank money\u003cbr\u003e 13. Payment systems\u003cbr\u003e 14. Bank risk\u003cbr\u003e 15. Liquidity risk and bank panics\u003cbr\u003e Part III. Government Policy\u003cbr\u003e 16. De?cits and the national debt\u003cbr\u003e 17. Savings and investment\u003cbr\u003e 18. The effect of the national debt on capital and savings\u003cbr\u003e 19. The temptation of in?ation\u003cbr\u003e References\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Public finance [\u003ca title=\"See our other books on Public finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Public%20finance%20%5BKFFD%5D%22\"\u003eKFFD\u003c\/a\u003e], Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e], International economics [\u003ca title=\"See our other books on International economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22International%20economics%20%5BKCL%5D%22\"\u003eKCL\u003c\/a\u003e], Monetary economics [\u003ca title=\"See our other books on Monetary economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Monetary%20economics%20%5BKCBM%5D%22\"\u003eKCBM\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":45999571009816,"sku":"9781009096508","price":41.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781009096508i_6e204253-0288-4ce1-8599-8c777c47da2c.jpg?v=1696782922","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/modeling-monetary-economies-paperback-9781009096508","provider":"Freshly Printed Books","version":"1.0","type":"link"}