Modeling Monetary Economies (Paperback, 4 Revised edition)

Preface; Part I. Money: 1. Trade in a model with no frictions; 2. A simple model of money; 3. Barter and commodity money; 4. Inflation; 5. International monetary systems; 6. Price surprises; Part II. Banking: 7. Capital; 8. Liquidity and financial intermediation; 9. Central banking and the money supply; 10. Money stock fluctuations; 11. Fully backed central bank money; 12. The payments system; 13. Bank risk; 14. Liquidity risk and bank panics; Part III. Government Debt: 15. Deficits and the national debt; 16. Savings and investment; 17. The effect of the national debt on capital and savings; 18. The temptation of inflation; References; Author index; Subject index.