| 書(shū)目名稱(chēng) | The Creators of Inside Money | | 副標(biāo)題 | A New Monetary Theor | | 編輯 | D. Gareth Thomas | | 視頻video | http://file.papertrans.cn/907/906941/906941.mp4 | | 概述 | Develops a new monetary model.Builds on existing theory.Supported by international case studies | | 圖書(shū)封面 |  | | 描述 | .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.. | | 出版日期 | Book 20181st edition | | 關(guān)鍵詞 | Money supply; Monetary economy; Depositors; Retail banks; Real economy; Commercial banks; Credit; Credit ri | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-319-90257-9 | | isbn_softcover | 978-3-030-07976-5 | | isbn_ebook | 978-3-319-90257-9 | | copyright | The Editor(s) (if applicable) and The Author(s) 2018 |
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