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Money Matters

- How Money and Banks Evolved, and Why We Have Financial Crises
Af: Luis Angeles Engelsk Hardback

Money Matters

- How Money and Banks Evolved, and Why We Have Financial Crises
Af: Luis Angeles Engelsk Hardback
Tjek vores konkurrenters priser

This book explores the nature of money and banking throughout their history, and applies this to the study of financial crises. The first part of the book covers the evolution of monetary arrangements, money creation and the business of banking since their earliest manifestations to the present day, showing how changes in the business of banking led to a transformation in the money we use. The second part of the book applies the understanding acquired during the first part to the study of financial crises, showing that money is taken out of circulation when bank loans are paid back. This key insight is at the core of the mechanism that explains financial crises, since an economy that sees its money supply diminish is also an economy that cannot generate enough demand for its own goods and services. Financial crises result when bank lending slows down or comes to a halt - while outstanding bank loans are still due for repayment. The mechanism is discussed in detail, and the crucial role of banks highlighted. Adequate policy measures to prevent crises, or to mitigate their effects, are then put forward in light of this mechanism. The book will be of interest to researchers and students of economic and financial history, as well as those working in finance, banking and economics more widely.

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This book explores the nature of money and banking throughout their history, and applies this to the study of financial crises. The first part of the book covers the evolution of monetary arrangements, money creation and the business of banking since their earliest manifestations to the present day, showing how changes in the business of banking led to a transformation in the money we use. The second part of the book applies the understanding acquired during the first part to the study of financial crises, showing that money is taken out of circulation when bank loans are paid back. This key insight is at the core of the mechanism that explains financial crises, since an economy that sees its money supply diminish is also an economy that cannot generate enough demand for its own goods and services. Financial crises result when bank lending slows down or comes to a halt - while outstanding bank loans are still due for repayment. The mechanism is discussed in detail, and the crucial role of banks highlighted. Adequate policy measures to prevent crises, or to mitigate their effects, are then put forward in light of this mechanism. The book will be of interest to researchers and students of economic and financial history, as well as those working in finance, banking and economics more widely.

Produktdetaljer
Sprog: Engelsk
Sider: 147
ISBN-13: 9783030955151
Indbinding: Hardback
Udgave:
ISBN-10: 303095515X
Kategori: Makroøkonomi
Udg. Dato: 29 mar 2022
Længde: 17mm
Bredde: 218mm
Højde: 152mm
Forlag: Springer Nature Switzerland AG
Oplagsdato: 29 mar 2022
Forfatter(e): Luis Angeles
Forfatter(e) Luis Angeles


Kategori Makroøkonomi


ISBN-13 9783030955151


Sprog Engelsk


Indbinding Hardback


Sider 147


Udgave


Længde 17mm


Bredde 218mm


Højde 152mm


Udg. Dato 29 mar 2022


Oplagsdato 29 mar 2022


Forlag Springer Nature Switzerland AG

Kategori sammenhænge