Money

Lectures on the Basis of General Equilibrium Theory and the Economics of Institutions

  • Rudolf Richter

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Theoretical Foundations: An Elementary Overview

    1. Front Matter
      Pages 1-1
    2. Rudolf Richter
      Pages 3-29
    3. Rudolf Richter
      Pages 31-64
    4. Rudolf Richter
      Pages 65-96
  3. Monetary Theory

    1. Front Matter
      Pages 97-97
    2. Rudolf Richter
      Pages 99-135
    3. Rudolf Richter
      Pages 137-185
    4. Rudolf Richter
      Pages 187-232
    5. Rudolf Richter
      Pages 295-354
  4. Back Matter
    Pages 355-399

About this book

Introduction

The central idea of this book is the concept of a currency order. Monetary theory is developed as a theory of currency orders. The book expands the neoclassical theory of currency orders. This new way of looking at the problems permits a general view of the subject matter of monetary theory and policy which so far does not exist. The concept of transaction costs is used throughout. The book deals not only with the theories of the demand for and the supply of money, the banking firm, and the purchasing power of money. It also presents a theoretically based discussion of the great topics of monetary policy of our time: fixed vs. flexible exchange rates, gold vs. paper, rules vs. authority for the central banks, governmental currency monopoly vs. competition of private currencies, regulation vs. deregulation of commercial banks. The book is suitable as a text for students with a knowledge of money and banking and intermediate microeconomics. It offers a consistent and well-written presentation of the subject matter, as well as an extensive list of further readings.

Keywords

deregulation economic theory institutional economics institutions microeconomics monetary policy

Authors and affiliations

  • Rudolf Richter
    • 1
  1. 1.Department of EconomicsUniversität des SaarlandesGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-74037-4
  • Copyright Information Springer-Verlag Berlin Heidelberg 1989
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-74039-8
  • Online ISBN 978-3-642-74037-4
  • About this book