The Creators of Inside Money

A New Monetary Theory

D. Gareth Thomas (Autor)

Buch | Hardcover

XXIII, 167 Seiten

2018 | 1st ed. 2018
Springer International Publishing (Verlag)
978-3-319-90256-2 (ISBN)

Infos

lt;br />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.

Autor

David Gareth Thomas is affiliated to Hertfordshire Business School at the University of Hertfordshire, UK.

Inhalt

Chapter 1. The Need for a Financial System?.- Chapter 2. The Money Supply.- Chapter 3. The Adjustment Process of the Money Multiplier and the Loanable Funds Model.- Chapter 4. The Demand for Money: Another Piece of the Jigsaw Puzzle.- Chapter 5. The Rate of Interest and the New Monetary Theory of Loanable Funds.- Chapter 6. The Term Structure of Interest Rates.- Chapter 7. The Loanable Funds Cycle and the Variability of the Deposit Base.- Chapter 8. A Catastrophe Theory of the Endogenous Cycle of Loanable Funds.- Chapter 9. Rebuilding the Theoretical Model of Inflation on Credit with Loanable Funds.- Chapter 10. The Conclusions and the Policy Recommendations.

Produkt-Details

• Erscheinungsdatum: 14.07.2018
• Zusatzinfo: XXIII, 167 p. 37 illus.
• Verlagsort: Cham
• Sprache: englisch
• Maße: 148 x 210 mm
• Gewicht: 353 g
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: Catastrophe framework • commercial banks • credit • credit risk • Depositors • Financial instability • Inflation • Modern Portfolio Theory • Monetary Economy • Money Supply • Real economy • Retail banks
• ISBN-10: 3-319-90256-3 / 3319902563
• ISBN-13: 978-3-319-90256-2 / 9783319902562
• Zustand: Neuware