Money Matters
Springer International Publishing (Verlag)
978-3-030-95515-1 (ISBN)
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.
lt;b> Luis Angeles is a Professor of Economics at the Adam Smith Business School, University of Glasgow, where he has been a full-time faculty member for 15 years. He is the author of 19 refereed academic papers in the areas of Economic History, Economic Development, and Money and Banking. Throughout his career, he has taught university courses in the academic topics just mentioned, including the postgraduate course "Modern Theory of Banking and Finance" at the University of Glasgow.
Introduction.- 1 What is money?.- A History of Money and Banking.- 2 Money from the very beginning.- 3 Banks enter the scene.- 4 The dawn of modern banking.- 5 The creation of a paper currency.- 6 Modern banking comes of age.- 7 The role of banks in a modern economy.- II An Analysis of Financial Crises.- 8 The role of money and the logic of recessions.- 9 Describing financial crises.- 10 The mechanics of financial crises - part one.- 11 The mechanics of financial crises - part two.- 12 Fighting o financial crises.- 13 Preventing financial crises.- Further Reading.- References.
| Erscheinungsdatum | 30.03.2022 |
|---|---|
| Zusatzinfo | XIV, 147 p. 16 illus., 9 illus. in color. |
| Verlagsort | Cham |
| Sprache | englisch |
| Maße | 148 x 210 mm |
| Gewicht | 344 g |
| Themenwelt | Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte |
| Wirtschaft ► Allgemeines / Lexika | |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie | |
| Schlagworte | A history of banking • Banking • Currency • Financial Crises • history of money • Money-based economies • money creation |
| ISBN-10 | 3-030-95515-X / 303095515X |
| ISBN-13 | 978-3-030-95515-1 / 9783030955151 |
| Zustand | Neuware |
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