عنوان

The creators of inside money :

(Number (ISBN

3319902571

(Number (ISBN

9783319902579

Erroneous ISBN

9783319902562

Title Proper

The creators of inside money :

General Material Designation

[Book]

Other Title Information

a new monetary theory /

First Statement of Responsibility

D. Gareth Thomas.

Place of Publication, Distribution, etc.

Cham, Switzerland :

Name of Publisher, Distributor, etc.

Palgrave Macmillan,

Date of Publication, Distribution, etc.

2018.

Specific Material Designation and Extent of Item

1 online resource

Text of Note

Includes index.

Text of Note

Intro; The Creators of Inside Money; Preface; Contents; List of Figures; List of Tables; Chapter 1 The Need for a Financial System?; 1.1 Introduction; 1.2 Saving and Lending; 1.3 Borrowing; 1.4 Lending, Borrowing and Wealth; 1.5 Financial Institutions; 1.6 Financial Markets; 1.7 The Real Economy and the Financial System; 1.7.1 All Money is a Matter of Belief; References and Further Reading; Chapter 2 The Money Supply; 2.1 Introduction; 2.2 The Beginnings of a Monetary Analysis; 2.3 Modelling the Interaction of Agents; 2.4 Conclusion/Summary; References and Further Reading

Text of Note

4.7 The Monetarists' Revival of the Quantity Theory of Money4.8 The Determination of the Rate of Interest on Savings; 4.9 Conclusion/Summary; References and Further Reading; Chapter 5 The Rate of Interest and the New Monetary Theory of Loanable Funds; 5.1 Introduction; 5.2 Definition and Composition of Nominal Interest Rates; 5.3 Classical Version of Interest Determination: Loanable Funds Theory (LFT); 5.4 The Real Rate of Interest in LFT; 5.5 The Introduction of the Rate of Inflation; 5.6 The Fisher Effect; 5.7 Liquidity Preference Theory (LPT)

Text of Note

5.8 An Alternative Theory: The New Loanable Funds Theory5.9 Conclusion/Summary; References and Further Reading; Chapter 6 The Term Structure of Interest Rates; 6.1 Introduction; 6.2 The Effect of Term; 6.3 The Effect of Risk; 6.4 The Expectations Theory; 6.5 The Segmented Markets Theory; 6.6 The Liquidity Premium and the Preferred Habitat Theories; 6.7 Using the Term Structure of Interest Rates in the New Loanable Funds Theory; 6.8 Conclusion/Summary; Appendix A: An Econometric Case Study: Does the Expectations Theory Exist?; References and Further Reading

Text of Note

Chapter 3 The Adjustment Process of the Money Multiplier and the Loanable Funds Model3.1 Introduction; 3.2 The Geometric Mechanism and the Rounds; 3.3 The Loanable Supply Function; 3.4 The Loanable Demand Function and the Equilibrium in the Market; 3.5 Money in an Open Economy; 3.6 Conclusion/Summary; Further Reading; Chapter 4 The Demand for Money: Another Piece of the Jigsaw Puzzle; 4.1 Introduction; 4.2 The Demand for Money; 4.3 The Inventory Approach; 4.4 The Precautionary Motive; 4.5 The Speculative Demand for Money; 4.6 Money Demand and the Rate of Inflation

Text of Note

Chapter 7 The Loanable Funds Cycle and the Variability of the Deposit Base7.1 Introduction; 7.2 The Loanable Funds Cycle; 7.3 Three Types of Borrowers; 7.4 Inflation and Expansion; 7.5 Sowing the Seeds for a Crisis; 7.6 Deflation and Stagnation; 7.7 Recovery and Growth; 7.8 Conclusions/Summary; Appendix A; Appendix B: A Portfolio Theory of Loanable Funds: Default and Risk; References and Further Reading; Chapter 8 A Catastrophe Theory of the Endogenous Cycle of Loanable Funds; 8.1 Introduction; 8.2 The Catastrophe Theory of the Endogenous Cycle of Loanable Funds

0

8

8

8

8

Text of Note

This 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.

Source for Acquisition/Subscription Address

Springer Nature

Stock Number

com.springer.onix.9783319902579

Bank failures-- United States.

Banks and banking-- Government policy-- United States.

Financial crises-- United States.

Bank failures.

Banks and banking-- Government policy.

BUSINESS & ECONOMICS-- Finance.

Financial crises.

Financial services industry.

Macroeconomics.

United States.

7

BUS-- 027000

Number

Edition

Class number

Thomas, D. G., (D. Gareth)

Date of Transaction

20200823115412.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y