Bài giảng Kinh tế vĩ mô: Chương 5 - TS. Nguyễn Đức Thành, ThS. Phạm Minh Thái

Chapter 5 of the textbook 'Economics in Depth' provides knowledge about money and monetary policy, including definitions of money, its functions, forms, the creation of money supply, the role of central banks, and financial tools for controlling money supply. The textbook also introduces the two-tier banking system, the roles of commercial banks and central banks in implementing monetary policy, and knowledge about different types of money, transaction capacity, and the quantity of money.

Sinh viên kinh tế và nhà nghiện cứu kinh tế.

The educational content of this chapter focuses on explaining various aspects of money and monetary policy. The chapter begins by defining money as a widely accepted medium of exchange for trading goods and services. Money has three functions: medium of exchange, unit of account, and store of value. There are two types of money: commodity money and fiat money. The creation of money supply is discussed, with the two-tier banking system as its foundation, which includes central banks and commercial banks. Central banks play a crucial role in issuing currency, financing budget deficits, implementing monetary policy, and controlling the total amount of mediums of exchange in an economy. To achieve this, central banks employ various financial tools, such as required reserve ratios, interest rate adjustments, open market operations, and interbank lending markets. The textbook also covers the roles of commercial banks in executing monetary policy and offers knowledge about different types of money, transaction capacity, and the quantity of money.