MODERN MONETARY THEORY: A Critical Survey of Recent Developments

In the aftermath of the debates between Keynesians and monetarists, this book provides a lucid, concise overview of the most recent developments in monetary theory. Professor Visser has written an up-to-date survey which discusses major issues such as crowding out, the new classical macroeconomics, the breakdown of the stable money demand function, buffer stocks and currency substitution.

Currency problems in general have come to the fore after the collapse of the Bretton-Woods system. The b...