Monetary Economics in Globalised Financial Markets

1. Front Matter

   Pages i-xv

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2. Money and Credit Supply

   • Ansgar Belke, Thorsten Polleit

   Pages 1-90

3. Money and Credit Demand

   • Ansgar Belke, Thorsten Polleit

   Pages 91-150

4. Interest Rate Theories

   • Ansgar Belke, Thorsten Polleit

   Pages 151-193

5. Financial Market Asset Pricing

   • Ansgar Belke, Thorsten Polleit

   Pages 195-323

6. Causes, Costs and Benefits of Sound Money

   • Ansgar Belke, Thorsten Polleit

   Pages 325-478

7. Theory of Monetary Policy

   • Ansgar Belke, Thorsten Polleit

   Pages 479-580

8. Transmission Mechanisms

   • Ansgar Belke, Thorsten Polleit

   Pages 581-665

9. Monetary Policy Strategies

   • Ansgar Belke, Thorsten Polleit

   Pages 667-796

10. Back Matter

    Pages 797-822

    PDF

This book integrates the fundamentals of monetary theory, monetary policy theory and financial market theory, providing an accessible and comprehensive introduction to the many-sided interrelations between these fields of research. It provides the reader with the intellectual groundwork indispensable for understanding the workings and interactions of today’s globalised financial markets. The topics addressed in this book include, inter alia, alternative money supply regimes, money demand functions, monetary policy transmission, monetary policy effectiveness and the natural rate of unemployment, monetary political business cycles, and monetary policy strategies. Basic valuation models for stocks, and bonds and asset price linkages across currency areas are covered as well. Illustrated by carefully chosen examples and supported by extensive data analyses, this book is highly recommended to readers who seek an in-depth and up-to-date integrated overview about the ever-expanding theoretical and quantitative fields of monetary and financial economics.

• Asset Pricing
• Financial Market
• Financial market theory
• Financial markets
• Monetary economics
• Monetary policy
• monetary theory

Aus den Rezensionen: “... Rigoros, mit zahlreichen Quellenverweisen und umfangreichem Index, wartet das Buch mit vielen zeitgenössischen und zeitgeschichtlichen Beispielen aus der Wirtschaftspolitik auf. Damit wird das vermeintlich trockene Thema Geldtheorie lebendiger als in anderen Werken dieses Schlags. Die mathematischen Erklärungen und Herleitungen sind mit Grundkenntnissen in Differenzialrechnung zu verstehen. Die einzelnen Abschnitte von ‘Monetary Economics‘ sind damit zugänglicher, als es dem Volumen nach auf den ersten Blick aussieht. Bei dem nicht unerheblichen Gewicht ... eignet sich das Buch am besten als Nachschlagewerk ...“ (in: Börsen-Zeitung, 27/February/2010, S. 19)

• Lehrstuhl für VWL, insb. Makroökonomik, Universität Duisburg-Essen, Essen, Germany

  Ansgar Belke

• Barclays Capital, Frankfurt, Germany

  Thorsten Polleit

Ansgar Belke, 1965, is Full Professor of Macroeconomics at the University of Duisburg-Essen (Campus Essen) since April 2007. Until March 2007, he was Full Professor of International Economics at the University of Hohenheim, Germany since August 2001, and Full Professor at the University of Vienna from 2000 to 2001. He is a member of the "Monetary Experts Panel" of the European Parliament, serves as editor-in-chief of "Kredit & Kapital" and as co-editor of a couple of other journals. He published widely in international refereed journals. Thorsten Polleit, 1967, is Honorary Professor for economics at Frankfurt School of Finance & Management, Germany. He is a member of the Friedrich August von Hayek Society and an Adjunct Scholar of the Ludwig von Mises Institute, Auburn, US Alabama. His research interests are monetary economics, capital market theory, and the Austrian School of Economics.

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