文档介绍：Chapte18 Money Supply and Money Demand
Money supply
Money demand
Financial innovation and the rise of near money
Conclusion
Money Supply
Money supply = Currency + Demand deposit
M = C + D
100-percent-reserve banking
Fractional-reserve banking
A model of the money supply
B = C + R
M/B = (C+ D)/(C+R)
= (C/D + 1)/(C/D +R/D)
m = (c r + 1)/ (c r +r r)
The three instruments of ary policy: open-market operations, reserve requirements and the discount rate.
Slide 1
Mankiw:Macroeconomics, 4/e © by Worth Publishers, Inc.
Money Demand
Portfolio theories of money demand
Transactions theories of money demand
The Baumol-Tobin model of cash management
Slide 2
Mankiw:Macroeconomics, 4/e © by Worth Publishers, Inc.
Slide 3
Mankiw:Macroeconomics, 4/e © by Worth Publishers, Inc.
Financial Innovation and the Rise of Near Money
Slide 4
Mankiw:Macroeconomics, 4/e © by Worth Publishers, Inc.