Publisher's Synopsis
This is the revised edition of a text for intermediate level students of monetary economics and macroeconomics. It focuses on the theoretical debate concerning the role of money and financial factors in determining real economic activity. It makes extensive use of examples from Britain, the USA, Italy, France, Germany and Australia to illustrate the debates.;David Gowland has updated the material throughout as well as re-writing and updating chapters to reflect new theoretical work and empirical topics. These include the creditiste revival, new work on the demand for money, rational markets, credit targets, the interrelationship between domestic policy and exchange rate policy and the European Monetary System.
