Details

Subject(s)

• Monetary policy [Browse]

Related name

• Huang, Haizhou [Browse]

Summary note

No detailed description available for "Money Capital".

Source of description

Description based on publisher supplied metadata and other sources.

Contents

• Cover
• Contents
• List of Illustrations and Tables
• Preface
• 1. The Poverty of Monetarism
• 1. Monetarism as Formulated by Friedman and Schwartz
• 2. Minsky's Critique
• 3. Some Macroeconomic Puzzles
• 4. Enriching the Monetarist Framework
• 4.1 Money Is Equity
• 4.2 Money Is Sovereignty
• 4.3 Money Is Central Banking
• 5. Concluding Remarks
• 2. The Capital Structure of Nations
• 1. A Simple, Open Monetary Economy
• 2. The Modigliani-Miller Theorem for Nations
• 3. Optimal Capital Structure for Nations
• 3.1 Money Financing and Inflation Costs
• 3.2 Debt Financing and the Cost of Default
• 3.3 Debt Versus Equity Financing
• 4. Debt Overhang
• 5. Foreign-Exchange Reserve Management
• 6. Model Predictions and Empirical Observations
• 7. Summary
• 3. Money, Banking, and the Lender of Last Resort
• 1. A Closed Monetary Economy Framework
• 1.1 Firms, Banks, and Inside Money
• 2. No Aggregate Uncertainty
• 2.1 Equilibrium with Scarce Investment Opportunities
• 2.2 Equilibrium with Scarce Money
• 3. Aggregate Uncertainty and the Bagehot Rule
• 4. Aggregate Uncertainty and the Draghi Rule
• 5. Moral Hazard
• 6. Conclusion
• Appendix
• 4. How Did China Finance Its Growth?
• 1. The Extraordinary Economic Development of China
• 2. Capital Investment in China's Growth Process
• 3. The Challenge of Raising Capital in Developing Countries
• 4. The Problems of Centralized Credit Allocation
• 5. Transformation of the Central Bank
• 6. Credit Creation and the Transformation of the Banking System
• 7. China Development Bank and Development Finance
• 8. The Evolving Capital Market Reform and Development
• 9. The Puzzle of China's High Monetary Growth and Low Inflation
• 5. The Coordination of Fiscal and Monetary Policy
• 1. Money and Sovereign Debt.
• 2. The Institutional and Informational Frictions Affecting Fiscal and Monetary Policy
• 2.1 Institutional and Informational Frictions
• 2.2 The Functions of Monetary Policy
• 2.3 The Functions of Fiscal Policy
• 3. The Coordination of Monetary and Fiscal Policies
• 4. Policy Dominance and How to Break It
• 5. Case Study of the United States
• 5.1 Before the Great Depression (Pre-1929)
• 5.2 The Great Depression (1929-1933)
• 5.3 World War II (1942-1945)
• 5.4 Stagflation (1970-1981)
• 5.5 Global Financial Crisis (2007-2009)
• 5.6 The COVID-19 Pandemic (2020-2021)
• 6. Case Study of China
• 6.1 The Birth of the Centrally Planned Economy (1952-1978)
• 6.2 Early Years of Reform and Opening Up (1978-1994)
• 6.3 Asian Financial Crisis (1997)
• 6.4 Global Financial Crisis (2008)
• 6.5 Deleveraging and U.S.-China Trade Disputes (2018-2019)
• 7. A Simple Rule for Fiscal-Monetary-Financial Policy Coordination
• 8. Concluding Remarks
• 6. Money and Sovereignty
• 1. Introduction
• 2. A Model with Two Countries
• 3. The Special Case of One Country
• 4. Two Countries
• 4.1 Equilibrium with Perfect Foreign-Exchange Markets
• 4.2 Equilibrium with Imperfect Foreign-Exchange Markets
• 5. Monetary Union
• 5.1 Welfare under a Monetary Union
• 5.2 When is a Monetary Union Preferable?
• 6. Debt Monetization and Fiscal Transfers in a Monetary Union
• 7. Historical Perspective
• 7.1 The Protracted Struggle toward U.S. Monetary Unification
• 7.2 Collapse of the Gold Standard and Competitive Devaluations
• 7.3 The Bretton Woods System and the Return of a Quasi-gold Standard
• 7.4 The International Monetary System after the Collapse of Bretton Woods
• 7.5 The Advent of the Euro
• 7.6 Currency Boards and Other Forms of Monetary Union
• 7.7 Recent Developments in the International Monetary System
• 7.8 Digital Currencies and Sovereignty.
• 8. Conclusion
• 7. Taking Stock
• Acknowledgments
• References
• Index.

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ISBN

• 9780691232379
• 0691232377

OCLC

1425790772

Doi

• 10.1515/9780691232379

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