Monetary Theory and Policy from Hume and Smith to Wicksell

Name: Monetary Theory and Policy from Hume and Smith to Wicksell
Brand: Cambridge University Press
SKU: 9781107642737
Price: 22478 HUF
Availability: InStock

Money, Credit, and the Economy

Szerző: Arie Arnon

Nyelv:

Kötés: Puha kötésű

Kiadó: Cambridge University Press

Elérhetőség: Beszállítói készleten

Küldés 14-21 napon belül

22 478 Ft

This book provides a comprehensive survey of the major developments in monetary theory and policy fr...

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Szerző

Arie Arnon

Nyelv

Angol

Kötés

Könyv - Puha kötésű

Kiadva

2012

oldal

450

EAN

9781107642737

ISBN

1107642736

Enbook ID

01232094

Kiadó

Cambridge University Press

Súly

676

Méretek

154 x 232 x 35

Teljes leírás

This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output and accumulation of wealth; and finally, what they thought about monetary policy.

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Monetary Theory and Policy from Hume and Smith to Wicksell

Money, Credit, and the Economy

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