About this book
This book develops a new monetary model based on the medium of exchange. It builds on existing theory in money, banking and finance to present a more precise formulation of the money supply chain to derive a fully dynamic model. It is supported by the inclusion of case studies, graphs and figures to give an international setting and application.
Money supply Monetary economy Depositors Retail banks Real economy Commercial banks Credit Credit risk Modern Portfolio Theory Catastrophe framework Inflation Financial instability