Chapter 1. The Need for a Financial System?.- Chapter 2. The Money Supply.- Chapter 3. The Adjustment Process of the Money Multiplier and the Loanable Funds Model.- Chapter 4. The Demand for Money: Another Piece of the Jigsaw Puzzle.- Chapter 5. The Rate of Interest and the New Monetary Theory of Loanable Funds.- Chapter 6. The Term Structure of Interest Rates.- Chapter 7. The Loanable Funds Cycle and the Variability of the Deposit Base.- Chapter 8. A Catastrophe Theory of the Endogenous Cycle of Loanable Funds.- Chapter 9. Rebuilding the Theoretical Model of Inflation on Credit with Loanable Funds.- Chapter 10. The Conclusions and the Policy Recommendations.
D. Gareth Thomas is a Senior Lecturer in Economics at the University of Hertfordshire where he has been since 1990. He received a BA (Hons.) degree in Social Sciences from the Central London Polytechnic (now the University of Westminster), and a MSc degree in Economics from Birkbeck College, University of London, alongside a Postgraduate Certificate in Education from St. Mary’s College, Institute of Education, University of London. Finally, he received a PhD in the econometric modelling of real investment from the University of Hertfordshire. Prior to joining the Hertfordshire Business School, he was a schoolteacher and the Head of Economics at Longdean School, Hemel Hempstead. His research interests include econometrics and monetary and health economics. He is the author of a number of research articles and has presented at numerous conferences. In 2010, he was highly commended for teaching excellence as Tutor of the Year by the University of Hertfordshire.
This book develops a new monetary model based on the medium of exchange. It builds on existing theory in money, banking and finance to present a more precise formulation of the money supply chain to derive a fully dynamic model. It is supported by the inclusion of case studies, graphs and figures to give an international setting and application.