Modeling Monetary Economies (Paperback, 3 Rev ed)

Preface; Part I. Money: 1. A simple model of money; 2. Barter and commodity money; 3. Inflation; 4. International monetary systems; 5. Price surprises; Part II. Banking: 6. Capital; 7. Liquidity and financial intermediation; 8. Central banking and the money supply; 9. Money stock fluctuations; 10. Fully backed central bank money; 11. The payments system; 12. Bank risk; 13. Liquidity risk and bank panics; Part III. Government Debt: 14. Deficits and the national debt; 15. Savings and investment; 16. The effect of the national debt on capital and savings; 17. The temptation of inflation.