The Fundamentals of Money and Financial Systems - Naghshpour, Shahdad
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Understanding the role of money in the economy is essential for comprehending the complex intricacies of modern economics. Money and its value is an essential medium through which government policies are implemented to change the course of the economy. However, before attempting to comprehend these complex mechanisms it is necessary to understand the role of money. This book defines money and its value. It clarifies, in simple and clear terms, why money is demanded, what factors affect the demand for money, and what the different theories are that explain why people demand money. Next, it…mehr

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Produktbeschreibung
Understanding the role of money in the economy is essential for comprehending the complex intricacies of modern economics. Money and its value is an essential medium through which government policies are implemented to change the course of the economy. However, before attempting to comprehend these complex mechanisms it is necessary to understand the role of money.
This book defines money and its value. It clarifies, in simple and clear terms, why money is demanded, what factors affect the demand for money, and what the different theories are that explain why people demand money. Next, it explains how money is created, which involves more than just printing money. Finally, the text addresses financial institutions, which are the brokers of the monetary system. The role financial institutions play in impacting the supply of the money and how they facilitate the flow of goods and services through different sectors are discussed. The discussion is focused on the theory of equilibrium in the market for goods, services and the money market.
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Autorenporträt
Dr. Shahdad Naghshpour is a full professor in the International Policy and Development Doctoral Program at the University of Southern Mississippi. He is the recipient of the Excellence in Teaching award from the College of Business Administration at USM. Dr. Naghshpour is the author of 5_books, over 62 articles, and is the recipient of the Distinguished Professorship Award in Research from the University of Southern Mississippi Gulf Coast. He has a Master of Science degree in statistics and a PhD in economics from Oklahoma State University.