Monetary Macroeconomics: A New Approach (Routledge International Studies in Money and Banking) - Hardcover

Cencini, Alvaro

Hardcover

ISBN 10: 0415195691 ISBN 13: 9780415195690

Publisher: Routledge, 2001

Synopsis

This book provides the grounding for a new approach to monetary economics, based on the book-keeping nature of money. The main themes of macroeconomics are examined to show how we may improve our understanding through a thorough analysis of their monetary aspects. Money is the key element and its role is investigated in relation to value, prices, profits, capital and interest. Alvaro Cencini's analysis rejects the traditional, net asset definition of money, arguing that despite appearances to the contrary, money is issued by banks as a mere numerical form. It is through its association with production that it is given its positive value, purchasing power. The resulting theory elicits a new understanding of the conditions behind today's monetary disorders and prescribes new remedies to cure them once and for all.

About this title

About the Author

Alvaro Cencini is Professor of Monetary Theory and Monetary Economics at the Università della Svizzera Italiana and at the Centre for Banking Studies, Lugano, Switzerland. He is also the founder and co-director of the Laboratory of Research in Monetary Economics. His previous publications include Monetary Theory: National and International (Routledge 1995) and Inflation and Unemployment , with M. Baranzini, eds. (Routledge 1996).

Edition details

• Publisher: Routledge
• Publication date: 2001
• Language: English
• ISBN 10: 0415195691
• ISBN 13: 9780415195690
• Binding: Hardcover
• Edition number: 1
• Number of pages: 236