Money in a theory of finance

Cover of: Money in a theory of finance | John G. Gurley

Published by Brookings Institution in Washington .

Written in English

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  • Finance,
  • Money

Edition Notes

Bibliographical footnotes.

Book details

Statementby John G. Gurley and Edward S. Shaw. With a mathematical appendix by Alain C. Enthoven.
ContributionsShaw, Edward Stone
The Physical Object
Paginationxiv, 371 p. illus. ;
Number of Pages371
ID Numbers
Open LibraryOL19563349M

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Finance Theory I. This course note introduces the core theory of modern financial economics and financial management, with a focus on capital markets and investments. Present Value of Money and Compounding Techniques, Applications of Present Value and Compounding Techniques, Financial Planning and Control, Profit Planning and Control.

ISBN: OCLC Number: Description: xiv, pages illustrations 24 cm: Contents: pt. Introduction --Markets for Financial Assets --The Chapters Ahead --Methods and Lacunae --pt.

ntary Finance --Sectors, Markets, and Social Accounts --Patterns of Economic Behavior --The Market of Money --Stationary Equilibrium --Real Growth with Price Deflation --Real. From inside the book. What people are saying - Write Other editions - View all.

Money in a Theory of Finance John G. Gurley, Edward Stone Shaw Snippet view - Money in a theory of finance John G. Gurley, Edward Stone Shaw Snippet view - Money in a theory of finance Business & Economics / Finance Business & Economics / Money.

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Money in a Theory of Finance Hardcover – January 1, by John G. Gurley (Author), Edward S. Shaw (Author) See all 3 formats and editions Hide other formats and editions. Price New from Used from Hardcover "Please retry" Cited by:   Monetary Theory: A monetary theory is a set of ideas about how monetary policy should be conducted within an economy.

Monetary theory suggests that different monetary policies can Author: Daniel Liberto. The Theory of Money and Credit is a economics book written by Ludwig von Mises, originally published in German as Theorie des Geldes und der it Mises expounds on his theory of the origins of money through his "regression theorem", which is based on logical argumentation.

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MONEY IN A THEORY OF FINANCE Robert E. Lucas, Jr.* The University of Chicago I. INTRODUCTION The title of this essay is taken, of course, from the Gurley/Shaw () monograph to remind the reader at the outset that the objective of constructing a unified theory of money and finance is an old one, one that.

MONEY IN A THEORY OF FINANCE 57 of money, this will have no effect on the real variables since all nominal values adjust so as to leave the real variables unchanged.

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This book is licensed under a Creative Commons by-nc-sa license. The book also offers innovative presentations of the Modigliani–Miller model and the Consumption-Based Capital Asset Pricing Model (CCAPM). Problems at the end of each chapter invite the reader to put the models into immediate use.

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Continuous time asset pricing is an important part of finance theory and involves some quite advanced mathematics.

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There is an approach that begins its analysis of money from this perspective, now called Modern Money Theory (MMT). It is based on the work of Keynes, but also on others such as A. Mitchell Innes, Georg F. Knapp, Abba Lerner, Hyman Minsky, Wynne Godley, and many others—stretching back to Adam Smith and before.

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Money is the most important commodity in a market economy. A sum of money is at least one side of every market transaction. Sums of money are both sides of many transactions.

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