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Treatise on Monetary Stewardship (Volume II)
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0 - Default Title
Description
Based on the history and reality of the development and transformation of central banks and monetary policy operations, and continuing the theoretical understanding of the monetary cycle, this volume constructs a fluid dynamics monetary policy theoretical system, proposing three new perspectives for understanding monetary policy and the functions of central banks: the time value of money is the entire focus of central banks; Secondly, the monetary policy based on decentralized decision-making in the economic and social order is a special policy system based on ""micro decision-making macro response"", with much lower degrees of freedom than almost all other policies; Thirdly, monetary policy is essentially a fluid dynamics system that is subject to both internal friction and external pressure, and the expected effects are often more uncertain compared to other policy effects. Based on the analytical framework of this book, it proposes and proves theorems such as internal friction in the transmission of monetary policy, mutual SPV between money and finance, embedded macroprudential management in monetary policy, and super neutrality of money, and asset prices are only a layer of monetary veil.¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿"¿¿¿¿-¿¿¿¿"¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿SPV¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿¿
Product details
Binding:
Paperback
Number of Pages:
422
Publication Date:
2022-09-01
Publisher:
¿¿¿¿¿
Languages:
Published:
Chinese,
Original:
Chinese
ISBN10:
7500171463
ISBN13:
9787500171461
Weight:
1075 g
Height:
170 cm
Width:
244 cm
Thickness:
27 cm
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