What is Monetary Economics? The field of economics known as “monetary economics” focuses on the various competing theories of money. It offers a framework for analyzing money and takes into account its functions as a medium of exchange, a store …
It took years for the financial crisis of 2007–2008 to develop. By the summer of 2007, financial markets all across the world were indicating that a protracted binge on cheap borrowing was finally coming to an end. BNP Paribas was …