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"This is without a doubt the best text on the market in advanced undergraduate or masters-level monetary economics. Champ and Freeman provide a unified theoretical treatment of all the important topics in money and banking, and their second edition adds important topics in material on central banking, and the payments system." Stephen D. Williamson, University of Iowa
"This is an absolutely outstanding textbook. The authors are able to communicate at a very basic but rigorous level many of the complex and subtle issues being tackled by monetary theorists at the frontier of the discipline. The text is easy to read and the theoretical analysis is applied to many real-world issues and phenomena, which make it a big hit with my students." David Andolfatto, Simon Fraser University
"Champ and Freeman's book is excellent in the way that it teaches students to use dynamic models to think carefully about important monetary, fiscal, and macroeconomic issues. The authors put the models to work to explain a variety of classic and contemporary problems in macroeconomics. The models are rigorous and carefully explained, yet they are simple enough that undergraduates can quickly learn to put them to work. I used the first edition of this book to teach undergraduates. This edition is even better than the first." Thomas Sargent, Stanford University
"In this book, Champ and Freeman do an admirable job of making modern monetary economics accessible to students. I've used it as the main text, with good results, both at the undergraduate and master's level. The well-chosen data illustrations added in the second edition can only enhance its student appeal." Finn Kydland, Carnegie Mellon University
A Simple Model of Money.
Barter and Commodity Money.
International Monetary Systems.
Liquidity and Financial Intermediation.
Central Banking and the Money Supply.
Money Stock Fluctuations.
Deficits and the National Debt.
Saving and Investment.
The Effect of the National Debt on Capital and Savings.
The Temptation of Inflation.