Varieties of monetary experience

How is the stock of money related to inflation and to economic fluctuations? How does an economy respond to monetary change? What are the major determinants of the money stock and of its composition? These are several of the important and intriguing questions explored in this collection of essays. In the book, six international economists examine monetary behavior using the varied histories of countries as different as Canada and Japan, Argentina and South Korea. Their findings provide impressive support for the modern quantity theory of money and show how it can be used to explain much of contemporary economic change.