
Thoroughly updated and expanded with a new chapter on blockchain and increased coverage of cryptocurrency, as well as new data, this established advanced undergraduate textbook approaches the subject via first principles. It builds on a simple, clear monetary model and applies...



Thoroughly updated and expanded with a new chapter on blockchain and increased coverage of cryptocurrency, as well as new data, this established advanced undergraduate textbook approaches the subject via first principles. It builds on a simple, clear monetary model and applies...

Organized into three sections of increasing complexity. Part One examines money in isolation--demand for fiat money, a comparison of fiat and commodity monies, inflation and exchange rate. The second section adds capital to study money's interaction with other assets and banking...







