Contents: Introduction -- Acknowledgements -- 1. Monetary regimes, then and now / Charles Goodhart -- 2. Keynes applied / Geoff Tily -- 3. Rethinking monetary restraint / Roy Rotheim -- 4. The evolutionary approach to banking and the credit-hungry consumer: a view of the failure of African Bank...

I build a general equilibrium model of the transmission of monetary policy on bank lending. Bank lending is done by individual banks that face random investment opportunities by creating inside money. Banks are subject to a reserve requirement and have access to the interbank money market. The...

Cover -- Title -- Copyright -- Acknowledgments -- Contents -- List of exhibits -- List of boxes -- Introductory remarks -- 1 The theory of money: basic concepts, part I -- 1.1 Introduction -- 1.1.1 On the nature, creation, and distribution of money -- 1.1.2 On money and prices -- 1.1.3 On...