International Monetary Economics Essay Sample

This essay sample is on International Monetary Economics for Singapore students. Here we will cover What is International Monetary Economics?, the Importance of monetary economics, Different theories in monetary economic, Types of monetary economics, The function of monetary economics, The features of monetary economics, etc.

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Introduction- International Monetary Economics Essay

We shall be looking at the topic of “International monetary Economics” in this sample essay. If you are a  singapore student of finance, you might have already heard the name. If not, don’t worry. We shall be providing you all the knowledge you need about the concept in this sample essay.

Moreover, you want such an essay sample for yourself. You can buy it from our website at affordable rates. Regardless, we shall be starting with a definition of the Concept, which is as mentioned below:

Main body- International Monetary Economics Essay 

What is International Monetary Economics?

The term “Monetary Economics” refers to a brand of economics that concerns itself with the study of different theories of money. As indicated by the term “monetary” in the concept. Moreover, it provides a framework that can be used to analyze as well as determine the function of the money. In addition to this, it also helps define how different types of money gain acceptance. We shall be looking at these different types of money later on in the sample essay.

Moving on, the concept of “Monetary Economics” is not a new one. Rather it can be considered as historical, which has been around for centuries. Consequently, it is an integral part of macroeconomics and economics itself for that matter. Regardless, this branch also concerns with studying the effects of different monetary systems, even the financial aspects.

The importance of monetary economics

One might have already guessed why this concept is important. However, if you have not. We shall be answering this, in this sample essay. As we read in the previous section, monetary economics concerns with the study of money and its different aspects.

In addition to the framework, this also provides insight into international monetary systems. This insight can be further used to improve monetary policies. Furthermore, it can help economics adjust as per given situation and find a balance. It can further help economic growth overall.

Moving on, we shall be looking at the different theories of monetary economics, in the next section. So without further adieu:

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Different theories in monetary economic

In this section of the sample essay, we hall be looking at the different theories or research topics in monetary economics. These theories or researches are gathered over time by different researchers. So without further adieu, these are as mentioned below:

• The credit theory of money
• Game theory
• Transmission mechanisms of monetary policy
• Debt deflation and balance-sheet theories

So these are some of the many theories and research topics of monetary economics. Moving on, we shall be looking at the different types of money in the next section of the sample essay.

Types of monetary economics

One might be thinking, “How can be there different types of money?”. Well, there are. How? we shall be looking at these different types in this section. Which are, as mentioned below:

• Commodity money
• Fiat money
• Fiduciary money

The function of monetary economics

Money is useful because it is functional. But what are these functions? We shall answer this question here. So the function of money is, as mentioned below:

• It enables an exchange of value
• To act as a Store of Value
• It is a standard numerical unit i.e. unit of account

Features of monetary economics

Here we shall be looking at the characteristics of money. These characteristics define money as it is and provide it value. So the defining characteristics of money are, as mentioned below:

• Money is durable
• It is portable
• It is resistant to counterfeiting
• Money is liquid
• Money is legally tender

Conclusion:

As you can see, international monetary economics is a complex and ever-changing topic. By understanding how it works, however, we have provided an outline of the different types of currencies that exist in today’s economy. Perhaps this knowledge will be helpful to students who are looking for a future career path or those who want to protect themselves from the dangers of inflation by diversifying their investment portfolio with other forms of currency.

Having Difficulty with your Finance Assignment?

If you want to read more sample essays like this one. You can visit our website where you can find several essay samples related to the topic of Finance. For example HE9091 Principles of Economics, MS8006 Economics of Manufacturing NTU Assessment, ECO201 Managerial Economics- SUSS Assignment, Inflation Causes on Singapore Economics, and so on.

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