The creators of inside money [electronic resource] : a new monetary theory.

"This second edition provides an original view on the nexus between monetary policy and financial markets' behaviour. The proposed analytical framework by David Bywaters and Gareth Thomas gives an excellent inside understanding of how the monetary transmission mechanism actually works duri...

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Bibliographic Details
Online Access: Full Text (via Springer)
Main Authors: Thomas, D. G. (D. Gareth) (Author), Bywaters, David (Author)
Format: Electronic eBook
Language:English
Published: Cham : Palgrave Macmillan, 2021.
Edition:2nd edition /
Subjects:
Table of Contents:
  • Intro
  • Preface
  • Contents
  • List of Figures
  • List of Tables
  • 1 An Overview of a Financial System
  • 1.1 Introduction
  • 1.2 Saving and Lending
  • 1.3 Borrowing
  • 1.4 Lending, Borrowing and Wealth
  • 1.5 Financial Institutions
  • 1.6 Financial Markets
  • 1.7 The Roles of the Public Authorities
  • 1.8 The Real Economy and the Financial System
  • 1.9 Summary
  • References Used and Further Reading
  • 2 The Money Supply
  • 2.1 Introduction
  • 2.2 Review
  • 2.3 The Beginnings of a Monetary Analysis
  • 2.4 Modelling the Interaction of Agents
  • 2.5 Conclusion/Summary.
  • 4.3 The Inventory Approach
  • 4.4 The Precautionary Motive
  • 4.5 The Speculative Demand for Money
  • 4.6 Money Demand and the Rate of Inflation
  • 4.7 The Monetarists' Revival of the Quantity Theory of Money
  • 4.8 The Determination of the Rate of Interest on Savings
  • 4.9 Conclusion/Summary
  • References Used and Further Reading
  • 5 The Rate of Interest and the New Monetary Theory of Loanable Funds
  • 5.1 Introduction
  • 5.2 Definition and Composition of Nominal Interest Rates
  • 5.3 The Classical Version of Interest Determination: Loanable Funds Theory (LFT)
  • 5.4 The Real Rate of Interest in LFT
  • 5.5 The Introduction of the Rate of Inflation
  • 5.6 The Fisher Effect
  • 5.7 The Liquidity Preference Theory (LPT)
  • 5.8 An Alternative Theory: The New Loanable Funds Theory
  • 5.9 Conclusion/Summary
  • References Used and Further Reading
  • 6 The Term Structure of Interest Rates
  • 6.1 Introduction
  • 6.1.1 The Effect of Term
  • 6.2 The Effect of Risk
  • 6.3 The Expectations Theory
  • 6.4 The Segmented Markets Theory
  • 6.5 The Liquidity Premium and the Preferred Habitat Theories.
  • 6.6 Using the Term Structure of Interest Rates in the New Loanable Funds Theory
  • 6.7 Conclusion/Summary
  • References Used and Further Reading
  • 7 An Econometric Study of the Term Structure and the Real Economy
  • 7.1 Introduction
  • 7.2 The Empirical Estimation of the Component Parts Within the Interest Rate
  • 7.3 Review of the Proposed Theoretical Models
  • 7.4 Measurement of Expectations
  • 7.5 Order of Integration
  • 7.6 Co-integrating Vector with Expectations
  • 7.7 Conclusions/Summary
  • References Used and Further Reading.