Posted on Categories:Monetary Economics, 货币银行学, 金融代写

# 金融代写|货币银行学代写Monetary Economics代考|EC3115 Introduction and heritage

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## 金融代写|货币银行学代写Monetary Economics代考|Introduction and heritage

modern monetary economy involve money. ${ }^1$ Therefore, few aspects of a monetary economy are totally divorced from the role of money and the efficiency of its provision and usage, and the scope of monetary economics is a very wide one.

Monetary economics has both a microeconomics and a macroeconomics part. In addition, the formulation of monetary policy and central bank behavior – or that of “the monetary authority,” often a euphemism for the central banking system of the country ${ }^2$-is an extremely important topic which can be treated as a distinct one in its own right, or covered under the microeconomics or macroeconomics presentation of monetary economics.

## 金融代写|货币银行学代写Monetary Economics代考|Microeconomics part of monetary economics

The microeconomics part of monetary economics focuses on the study of the demand and supply of money and their equilibrium. No study of monetary economics can be even minimally adequate without a study of the behavior of those financial institutions whose behavior determines the money stock and its close substitutes, as well as determining the interest rates in the economy. The institutions supplying the main components of the money stock are the central bank and the commercial banks. The commercial banks are themselves part of the wider system of financial intermediaries, which determine the supply of some of the components of money as well as the substitutes for money, also known as near-monies.

The two major components of the microeconomics part of monetary economics are the demand for money, covered in Chapters 4 to 9 , and the supply of money, covered in Chapter 10. The central bank and its formulation of monetary policy are covered in Chapters 11 and $12 .$

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