
Making Money Work: How to Rewrite the Rules of Our Financial System - Matt Sekerke
Economisești 40,31 lei
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Vezi oferta la libris.ro
Economisești 40,31 lei
✔ În stoc la libris.ro
Vezi oferta la libris.ronThe Global Financial Crisis broke the monetary system. Here's how to fix it.n nIn Making Money Work: How to Rewrite the Rules of Our Financial System, Matt Sekerke and Steve H. Hanke deliver a rigorous and fascinating exploration of the monetary economy. You'll find a detailed and clear roadmap of how and why fiat money is created and destroyed, its connections to the broader economy, and the objective mechanisms that underwrite and maintain its value.n nIn their exploration, Sekerke and Hanke solve many problems and puzzles and shed light on several important questions: n n- Why economists misunderstand the structure and function of the monetary system n- The central role of the commercial banking system in fiat money regimes, and why commercial banks are not like other financial intermediaries n- The economic and regulatory constraints on bank money creation n- The interplay between banking and capital markets in funding investment projects n- How the banks that dominate the international financial landscape distort the lines between banking and capital markets business n- Why banking regulation and fiscal policy determine and constrain monetary policy to an equal or greater extent than central bank actions nSekerke and Hanke trace important post-crisis policy developments and sketch the broad strokes of a new operating model that would restore the performance of the monetary system and make better use of aggregate savings: n n- Making neutrality the explicit goal of monet











