Control of the money supply

This second edition contains substantial revisions and extensions. Following a brief introduction in chapter 1 on the meaning
of money and the structure of financial systems, Professor Bain deals with six main topics. In the second and third chapters he considers money supply theory in general and its determinants within the United Kingdom. Hethen discusses the demand for money from a theoretical stand point in chapter 4, and examines empirical evidence in chapter 5. This is followed by a chapter on the channels through which monetary policy influences the economy, including the' influence of money on inflation. Tile next
two chapters are concerned with techniques for controlling money and the use of monetary targets and indicators in
the conduct of economic policy, and finally The author considers the role of monetary policy in economic management:. While much of the empirical material relates to the United Kingdom the theoretical discussion can be applied in many other countries.