Product Description
by Lawrence White (Author)
The Theory of Monetary Institutions covers free banking monetary thought and a theoretical account of the evolution of monetary institutions.
Back Jacket
The Theory of Monetary Institutions analyzes the often overlooked - but fundamental - questions about monetary policy regimes:
- How and why have monetary institutions evolved into their present forms?
- What are the leading arguments for and against government involvement in money and banking?
- What models do we have for explaining how monetary authorities choose to behave in a discretionary fiat money regime, and how well do they fit?
- What alternatives to the current regime are available, and how would they work?
Author Biography
Lawrence H. White is Professor of Economics at the University of Missouri - St. Louis. He has published articles in several journals, including the Journal of Money, Credit, and Banking; the Journal of Economic Literature; Business History Review; and American Economic Review. He is the author of Free Banking in Britain (Second Edition), and Competition and Currency. Dr. White holds an AB in Economics from Harvard University and a PhD in Economics from University of California, Los Angeles. His principal fields of study and lecture are monetary theory, banking history, the history of economic thought, and the future of money.