On the basis of introducing basic concepts such as currency and interest rates, this book also introduces two major types of banking institutions: commercial banks and central banks, as well as three different financial markets: money market, capital market, and financial derivatives market. It then elaborates on concepts such as money demand, money supply, monetary policy, inflation and deflation, and financial supervision. This book has a complete structure and fluent expression, which better reflects the new development of theory and practice. It is a timely and comprehensive monetary and finance textbook.
This book is suitable as a teaching material for students majoring in economics, finance, and management taking courses such as "Money and Banking" and "Monetary Finance". It can also be used as a reference for practitioners to understand the basic knowledge of the financial industry.
