Modern Monetary Theory

Burstein, M.L.

Innovations in financial markets and in financial management, together with dramatic innovations in the substance and technique of monetary theory, have made it necessary to restate the theory of money and the theory of monetary policy. In order to provide a new monetary theory, the author treats fully the following material: choice of currency and the theory of convertibility; interest on money; speculation and rational expectations; implications of electronic-transfer settlement procedures for monetary theory, as well as other matters. The theories of Tobin are developed and exposited in detail, as is the work of Friedman.

Details

Published by: Palgrave Macmillan

Publication Date: 1986-01-28

Format: Hardcover

ISBN-13: 9780333331552

DOI: 10.1007/978-1-349-18070-7

Dimensions: 216cm x140cm

Pages: 211