The Monetary System: What It Is and How It Works Chapter 4, Macroeconomics, by N. Gregory Mankiw, 8 th Edition ECO62ECO62, Udayan RoyUdayan Roy.
Gold Standard Why study the gold standard? –Gold Standard is example of super-fixed exchange rate Produced price stability and capital mobilityprice stability.
MONEY AND PRICES IN THE LONG RUN. Copyright © 2004 South-Western 16 The Monetary System.
Macroeconomics (ECON 1211) Lecturer: Mr S. Puran Topic: Central Banking and the Monetary System.
Evolution of Complex Systems Lecture 9: Economics and money Peter Andras / Bruce Charlton [email protected]@ncl.ac.uk.
10 MONEY AND PRICES IN THE LONG RUN. Copyright © 2010 Cengage Learning 5 The Monetary System.
V MONEY AND PRICES IN THE LONG RUN 1. 11 The Monetary System.
10 MONEY AND PRICES IN THE LONG RUN Chapter 29 The Monetary System.