Modern Monetary Theory

  • Authors
  • M.┬áL.┬áBurstein

Table of contents

  1. Front Matter
    Pages i-xvi
  2. The Ontology of Money

    1. Front Matter
      Pages 1-1
    2. M. L. Burstein
      Pages 3-15
    3. M. L. Burstein
      Pages 16-28
    4. M. L. Burstein
      Pages 29-41
  3. Operational Studies

    1. Front Matter
      Pages 43-43
    2. M. L. Burstein
      Pages 45-57
    3. M. L. Burstein
      Pages 97-106
    4. M. L. Burstein
      Pages 107-125
  4. The Theory of Money in Open Economies

    1. Front Matter
      Pages 139-139
    2. M. L. Burstein
      Pages 141-163
  5. Back Matter
    Pages 190-211

About this book


Innovations in financial markets and in financial management, together with dramatic innovations in the substance and technique of monetary theory, have made it necessary to restate the theory of money and the theory of monetary policy. In order to provide a new monetary theory, the author treats fully the following material: choice of currency and the theory of convertibility; interest on money; speculation and rational expectations; implications of electronic-transfer settlement procedures for monetary theory, as well as other matters. The theories of Tobin are developed and exposited in detail, as is the work of Friedman.


financial markets Inflation monetary policy money

Bibliographic information

Industry Sectors
Finance, Business & Banking