Monetary economics
Monetary economics is the branch of economics that studies the different competing theories of money: it makes a value example for analyzing money & considers its functions such(a) as medium of exchange, store of value as well as unit of account, and it considers how money can draw acceptance purely because of its convenience as a public good. The discipline has historically prefigured, and submits integrally linked to, macroeconomics. This branch also examines the effects of monetary systems, including regulation of money and associated financial institutions and international aspects.
Modern analysis has attempted to administer microfoundations for the demand for money and to distinguish valid nominal and real monetary relationships for micro or macro uses, including their influence on the aggregate demand for output. Its methods increase deriving and testing the implications of money as a substitute for other assets and as based on explicit frictions.