Abstract
This chapter discusses money and monetary theory. An elementary treatment of money is given in A. C. L. Day, The Economics of Money. Two useful monographs that may serve as introductions and yet deal authoritatively with the subject are Sir G. Crowther, An Outline of Money, revised edition and H. Croóme, Introduction to Money, 2nd edition, revised by J. M. Croóme. More advanced is The Theory of Money by W. T. Newlyn, which has the institutional background sketched in only when this is necessary. The book is mainly devoted to a theoretical examination of the demand for and the supply of money: the volume of bank deposits; money as a means of payment, as a store of value; the velocity of circulation; the rate of interest; liquidity. The literature on money includes many books that deal with particular aspects or concepts, both at an elementary and an advanced level.
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