What do you need to know about financial innovation, financial liberalisation and deregulation? Do you know what purpose monetary policy serves in the economy? What is the role of interest rates? The second edition of Monetary Economics will look into these matters and other topical issues such as the subprime crisis. The text uses a step-by-step approach to technical areas such as formulae and graphs. The book takes a look at South African as a developing country within the wider global arena. Monetary Economics is written in a concise and accessible level for Economics students at senior undergraduate and Honours level.
Prof Ernie van der Merwe is Former Chief Economist and Economic Advisor to the Governors of the Reserve Bank. He is also a member of the Monetary Policy Committee of the Reserve Bank in Pretoria.
1. The nature and scope of monetary economics ; 2. The evolution of money ; 3. The financial system ; 4. The money-supply process ; 5. The demand for money ; 6. Interest rates ; 7. Exchange rates ; 8. Inflation ; 9. A framework for monetary policy ; 10. Monetary-policy in South Africa ; 11. Monetary-policy operational procedures in South Africa ; 12. Monetary-policy transmission mechanism ; 13. Monetary and fiscal interdependence ; 14. Financial stability and the central bank ; 15. Monetary-policy co-operation