Name: The Creators of Inside Money: A new Monetary Theory (en Inglés)
Price: 224.86 PEN
Availability: InStock
Author: Thomas, D. Gareth
ISBN: 9783030079765

portada The Creators of Inside Money: A new Monetary Theory (en Inglés)

The Creators of Inside Money: A new Monetary Theory (en Inglés)

Formato

Libro Físico

Autor

D. Gareth Thomas

Editorial

Palgrave Macmillan

Idioma

Inglés

N° páginas

167

Encuadernación

Tapa Blanda

Dimensiones

21.0 x 14.8 x 1.0 cm

Peso

0.24 kg.

ISBN13

9783030079765

Categorías

Macroeconomía
Banca
Industrias de hostelería y servicios

The Creators of Inside Money: A new Monetary Theory (en Inglés)

D. Gareth Thomas (Autor) · Palgrave Macmillan · Tapa Blanda

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Reseña del libro "The Creators of Inside Money: A new Monetary Theory (en Inglés)"

The book explores the endogenous creators of inside money, the commercial banks, and their key role in igniting the 2007-8 monetary crisis and the aftermath of the Great Recession. This is an area of study overlooked by the traditional approach in the form of neo-classical analysis, a body of theory based on a barter system of exchange. Money has evolved from a construct of barter to become a medium of exchange based on fiat money and loan creation by the banking system, underpinned by legal tender, and therefore, a creature of law. It is not a phenomenon exogenously controlled by the monetary authorities and simply assumed to be a "veil" over the real economy, which just determines the absolute price level. This monograph, in the eyes of the student, represents critical thinking and the realization of a more precise formulation of the endogenous money supply with various features systematically added in an attempt to derive a fully dynamic model of the monetary system, which will be straightforward to visualize and contrast with the benchmark approach.