This book integrates the fundamentals of monetary theory monetary policytheory and financial market theory providing an accessible and comprehensiveintroduction... » 

This book integrates the fundamentals of monetary theory monetary policytheory and financial market theory providing an accessible and comprehensiveintroduction to the manysided interrelations between these fields of research.It provides the reader with the intellectual groundwork indispensable forunderstanding the workings and interactions of todays globalised financialmarkets. The topics addressed in this book include inter alia alternativemoney supply regimes money demand functions monetary policy transmissionmonetary policy effectiveness and the natural rate of unemployment monetarypolitical business cycles and monetary policy strategies. Basic valuationmodels for stocks and bonds and asset price linkages across currency areas arecovered as well. Illustrated by carefully chosen examples and supported byextensive data analyses this book is highly recommended to readers who seek anindepth and uptodate integrated overview about the everexpandingtheoretical and quantitative fields of monetary and financial economics. TOCIntroduction. Money and credit supply. Money and credit demand. The interestrate. Financial market asset pricing. The monetary view of the exchangerate. Causes costs and benefits of stable money. Monetary policy theory.Transmission mechanisms. Monetary policy strategies. Monetary openeconomymacroeconomics. «