Abstract
In the aftermath of the debates between Keynesians and monetarists, this book aims to provide a concise overview of the most recent developments in monetary theory. Professor Visser has written an up-to-date survey which discusses major issues such as crowding out, the new classical macroeconomics, the breakdown of the stable money demand function, buffer stocks and currency substitution. Currency problems in general have come to the fore after the collapse of the Bretton-Woods system. The book addresses topical issues such as Hayek's proposal to denationalize money as well as theoretical issues such as the search for the microfoundations of monetary theory. This is an important, up-to-date survey of recent developments in monetary theory and the economic reasoning which underlies it. The use of mathematics has been kept to a minimum.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
