图书简介

Preface to the Second Edition, 1989 - Preface to the First Edition, 1975 - Acknowledgments - PART 1: THE NATURE OF MARKETS - Summary - Market Structure - Determination of the Size of the Spread - Price Adjustments - Market Existence: Success or Failure? - Money and Markets: What is the Best Approach? - PART 2: THE ROLE OF MONEY - Summary - Certainty and Uncertainty - Money, Information and Markets - What Makes Currency Serve as Money? - Bank Deposits, Cheque Payments and the Definition of Money - Alternative Currencies - PART 3: MICRO-ECONOMIC FOUNDATIONS OF THE DEMAND FOR MONEY - Summary - The Transactions Demand for Money - Asset Price Uncertainty and the Speculative Demand for Money - Buffer-stock Models of Money Holding - PART 4: MACRO-ECONOMIC ANALYSIS OF THE DEMAND FOR MONEY - Summary - The Transition from Micro- to Macro-studies of the Demand for Money - The Progressive Collapse of Stability in the Demand-for-Money Function - PART 5: THE PRINCIPLES OF INTERMEDIATION - Summary - The Role of the Intermediary - 1 - The Role of the Intermediary - 2 - Banks and OFIs: Differences and Similarities - PART 6: CONTROLLING THE SUPPLY OF MONEY: A PROBLEM FOR THE AUTHORITIES? - Summary - Multiplier Finance and Open-market Operations - Competition with the Private Sector - Complications and Conclusions - PART 7: CREDIT RATIONING - Summary - Credit Control - Disequilibrium Rationing - Equilibrium Rationing - PART 8: WHY DO BANKS NEED A CENTRAL BANK? - Summary - The Central Bank as Organiser of the ’Club’ of Commercial Banks - Banks’ Twin Functions in Providing Both Payments and Portfolio Management Services - Bank Portfolios and Central Bank Support - PART 9: FINANCIAL REGULATION - Summary - The General Theoretical Critique of Regulation - The Economic Argument for Regulation - PART 10: THE DETERMINATION OF INTEREST RATES - Summary - Practical Issues - Theory - The Demand for Money and the Demand for Credit - Appendix: Monetary Base Control: The Examples of Switzerland, and of the USA in 1979-82 - PART 11: THE TERM STRUCTURE OF INTEREST RATES - Summary - The Theory of the Term Structure - Empirical Studies of the Term Structure of Interest Rates - Rational Expectations and the Term Structure - PART 12: THE TRANSMISSION MECHANISM OF MONETARY POLICY - Summary - The Keynesian "(IS/LM) "Framework - The Monetarist Counter-offensive - Buffer-stock Money - Wealth Effects - PART 13: THE EFFECTS OF NOMINAL MONETARY CHANGES ON OUTPUT, EMPLOYMENT AND INFLATION - Summary - Uncertainty, Unemployment and Price Expectations - Rational Expectations and Policy Impotence - Appendix: UK Indexed Gilts: A Case Study of Financial Indexation - PART 14: MONETARY POLICY - 1: THE USE OF POLICY INSTRUMENTS IN AN UNCERTAIN WORLD - Summary - Objectives and Instruments - Policy Under Uncertainty - 1: Random Disturbances - Policy Under Uncertainty - 2: When the Structure of the System is Not Known - PART 15: MONETARY POLICY - 2: RULES VERSUS DISCRETION - Summary - The Historical Record, 1973-9 - Rules versus Discretion - The Historical Record, 1979-87 - Whither Now? - PART 16: THE REGIONAL ADJUSTMENT PROCESS - Summary - Financing Current Account Imbalances: The Capital Account - Adjustment to a Current Account Imbalance - Appendix: A Framework for the Analysis of Inter-regional Adjustment - PART 17: INTERNATIONAL MONETARY RELATIONS - 1: EXCHANGE RATE REGIMES - Summary - Optimal Currency Areas - Monetary Relationships Between Currency Areas - PART 18: INTERNATIONAL MONETARY RELATIONS - 2: THE TURBULENT FLOAT - Summary - The Experience of Floating Exchange Rates Since 1973 - Why Were Flexible Rates so Unstable? - Attempts to Establish a More Stable Regime - Bibliography - Index

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