Date of Original Version
Abstract or Description
Roland Robinson has given a brief but excellent summary of the current status of money and banking courses and has suggested some marginal changes within the present framework, a framework that is largely set by the content of current textbooks. Since I am probably less wise, and certainly less experienced (I have never taught a course with the title money and banking), I will predict the direction in which money and banking textbooks will evolve and go on to discuss whether the changes are desirable. Thus, my conjectures parallel Robinson's, but relax one of his self-imposed constraints.
The Journal of Finance, 21, 2, 423-434.