Money And Debt The Public Role Of Banks

Author : Bart Stellinga,Josta de Hoog,Arthur van Riel,Casper de Vries
Publisher : Springer Nature
Page : 257 pages
File Size : 43,7 Mb
Release : 2021
Category : Banks and banking, Central
ISBN : 9783030702502

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Money and Debt: The Public Role of Banks by Bart Stellinga,Josta de Hoog,Arthur van Riel,Casper de Vries Pdf

This Open Access book from the Netherlands Scientific Council for Government Policy explains how money creation and banking works, describes the main problems of the current monetary and financial system and discusses several reform options. This book systematically evaluates proposals for fundamental monetary reform, including ideas to separate money and credit by breaking up banks, introducing a central bank digital currency, and introducing public payment banks. By drawing on these plans, the authors suggest several concrete reforms to the current banking system with the aim to ensure that the monetary system remains stable, contributes to the Dutch economy, fairly distributes benefits, costs and risks, and enjoys public legitimacy. This systematic approach, and the accessible way in which the book is written, allows specialized and non-specialised readers to understand the intricacies of money, banking, monetary reform and financial innovation, far beyond the Dutch context [Resumen de la editorial]

Author : United States. Congress. Joint Committee on the Economic Report
Publisher : Unknown
Page : 1390 pages
File Size : 43,5 Mb
Release : 1952
Category : Credit
ISBN : STANFORD:36105119647100

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Monetary Policy and the Management of the Public Debt by United States. Congress. Joint Committee on the Economic Report Pdf

Author : Reinhold C. Mueller
Publisher : JHU Press
Page : 583 pages
File Size : 42,7 Mb
Release : 2019-12-01
Category : History
ISBN : 9781421431420

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The Venetian Money Market by Reinhold C. Mueller Pdf

The long awaited conclusion to the magisterial Money and Banking in Medieval and Renaissance Venice. Originally published in 1997. In 1985 Frederic C. Lane and Reinhold C. Mueller published the magisterial Money and Banking in Medieval and Renaissance Venice, volume 1: Coins and Moneys of Account. Now, after ten years of further research and writing, Reinhold Mueller completes the work that he and the late Frederic Lane began. The history of money and banking in Venice is crucial to an understanding of European economic history. Because of its strategic location between East and West, Venice rapidly rose to a position of preeminence in Mediterranean trade. To keep trade moving from London to Constantinople and beyond, Venetian merchants and bankers created specialized financial institutions to serve private entrepreneurs and public administrators: deposit banks, foreign exchange banks, a grain office, and a bureau of the public debt. This new book clarifies Venice's pivotal role in Italian and international banking and finance. It also sets banking—and panics—in the context of more generalized and recurrent crises involving territorial wars, competition for markets, and debates over interest rates and the question of usury.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 88 pages
File Size : 44,5 Mb
Release : 2014-12-22
Category : Business & Economics
ISBN : 9781498342438

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From Banking to Sovereign Stress - Implications For Public Debt by International Monetary Fund Pdf

This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking crises when those occur. It then proposes practices and policies for the fiscal authorities to help manage the risks and enhance crisis preparedness.

Author : United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 726 pages
File Size : 50,6 Mb
Release : 1952
Category : Credit
ISBN : UCAL:$B642304

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Monetary Policy and the Management of the Public Debt by United States. Congress. Joint Economic Committee Pdf

Author : Frederick Soddy
Publisher : Routledge
Page : 248 pages
File Size : 44,9 Mb
Release : 2014-04-04
Category : Business & Economics
ISBN : 9781317833536

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The Role of Money by Frederick Soddy Pdf

The Role of Money examines the mystery of money in its social aspect and illustrates what money now is, what is does and what it should do. The standpoint from which the book is written is that of the public. The significance of the 'money-power' of the state to issue money has been recently recognized by historians. Its key position in shaping the course of world events is here explained. Included are: * Chapters on the philosophic background * The theory of money - Virtual Wealth * The Evolution of Modern Money * International Economic Relations * Debts and Debt Redemption

Author : Mary Mellor
Publisher : Pluto Press
Page : 0 pages
File Size : 51,7 Mb
Release : 2010-05-15
Category : Business & Economics
ISBN : 0745329942

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The Future of Money by Mary Mellor Pdf

As the recent financial crisis has revealed, the state is central to the stability of the money system, while the chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public resource that has been hijacked by capitalism. Mary Mellor explores the history of money and modern banking, showing how finance capital has captured bank-created money to enhance speculative leveraged profits as well as destroying collective approaches to economic life. Meanwhile, most individuals, and the public economy, have been mired in debt. To correct this obvious injustice, Mellor proposes a public and democratic future for money. Ways are put forward for structuring the money and banking system to provision societies on an equitable, ecologically sustainable sufficiency basis. This fascinating study of money should be read by all economics students looking for an original analysis of the economy during the current crisis.

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 55,7 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965

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The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 60 pages
File Size : 48,5 Mb
Release : 2012-03-14
Category : Business & Economics
ISBN : 9781451922141

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Finance & Development, March 2012 by International Monetary Fund. External Relations Dept. Pdf

Young people, hardest hit by the global economic downturn, are speaking out and demanding change. F&D looks at the need to urgently address the challenges facing youth and create opportunities for them. Harvard professor David Bloom lays out the scope of the problem and emphasizes the importance of listening to young people in "Youth in the Balance." "Making the Grade" looks at how to teach today's young people what they need to get jobs. IMF Deputy Managing Director, Nemat Shafik shares her take on the social and economic consequences of youth unemployment in our "Straight Talk" column. "Scarred Generation" looks at the effects the global economic crisis had on young workers in advanced economies, and we hear directly from young people across the globe in "Voices of Youth." Renminbi's rise, financial system regulation, and boosting GDP by empowering women. Also in the magazine, we examine the rise of the Chinese currency, look at the role of the credit rating agencies, discuss how to boost the empowerment of women, and present our primer on macroprudential regulation, seen as increasingly important to financial stability. People in economics - C. Fred Bergsten, American Globalist. Back to basics - The multi-dimensional role of banks in our financial systems.

Author : Michael Schemmann
Publisher : CreateSpace
Page : 68 pages
File Size : 54,8 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 1456574019

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Money and Banking Without Public Debt by Michael Schemmann Pdf

In my opinion, the United States is facing monetary reform within the lifetime of most of its citizens, because the world is not able to continue to carry its public debt. Europe, too, is over-burdened. The old remedy of growth, expansion of the money supply, and resulting inflation has run its course. To devalue the dollar further to five cents and then one cent of its 1950 purchasing power would result in an exponential decline not even seen in South America. The monetary reform can be along the lines of the American Colm-Dodge-Goldsmith Plan imposed by the U.S. Military government on Germany in 1946 (implemented in 1958), with the significant difference that the U.S. productive capacity, the level of employment though lower than desired, and its infrastructure are intact. What needs to be fixed is the $15 trillion national debt, the staggering unfunded liabilities of $113 trillion, and the banking system. Quasi money is not even acceptable to the banks themselves and must be eliminated by putting deposits under a near 100% liquidity cover of federal funds, eliminating the national debt in the wash-up. A conversion of old currency into new may be necessary given the enormity of the unfunded liabilities of nearly ten times GDP, which are growing exponentially and coming home to roost. The tax system needs to be overhauled so that to meet the burden without killing the economy. The national debt itself, can be redeemed as outlined in my booklet, "Money in Crisis," 2nd edition, by repaying the debt with redemption certificates while increasing banks' reserve requirements, so that the redemption receipts cannot be booked as deposits and increase the money supply, but, for example, as capital subscriptions, which is preferable to outright U.S. national debt repudiation, because the U.S. national debt cannot be repaid with taxes; it is at the point of no return.

Author : Mr.Manmohan Singh
Publisher : International Monetary Fund
Page : 22 pages
File Size : 49,6 Mb
Release : 2012-07-01
Category : Business & Economics
ISBN : 9781475505276

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The (Other) Deleveraging by Mr.Manmohan Singh Pdf

Deleveraging has two components--shrinking of balance sheets due to increased haircuts/shedding of assets, and the reduction in the interconnectedness of the financial system. We focus on the second aspect and show that post-Lehman there has been a significant decline in the interconnectedness in the pledged collateral market between banks and nonbanks. We find that both the collateral and its associated velocity are not rebounding as of end-2011 and still about $4-5 trillion lower than the peak of $10 trillion as of end-2007. This paper updates Singh (2011) and we use this data to compare with the monetary aggregates (largely due to QE efforts in US, Euro area and UK), and discuss the overall financial lubrication that likely impacts the conduct of global monetary policy.

Author : Josh Ryan-Collins,Tony Greenham,Richard Werner
Publisher : Unknown
Page : 186 pages
File Size : 45,8 Mb
Release : 2014-01-31
Category : Banks and banking
ISBN : 1908506547

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Where Does Money Come From? by Josh Ryan-Collins,Tony Greenham,Richard Werner Pdf

Based on detailed research and consultation with experts, including the Bank of England, this book reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. Following a sell out first edition and reprint, this second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe.

Author : Harold L. Cole
Publisher : Oxford University Press
Page : 304 pages
File Size : 44,5 Mb
Release : 2019-03-29
Category : Business & Economics
ISBN : 9780190941727

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Finance and Financial Intermediation by Harold L. Cole Pdf

The financial system is a densely interconnected network of financial intermediaries, facilitators, and markets that serves three major purposes: allocating capital, sharing risks, and facilitating intertemporal trade. Asset prices are an important mechanism in each of these phenomena. Capital allocation, whether through loans or other forms of investment, can vary both across sectors-at the broadest, manufactures, agriculture, and services-and within sectors, for example different firms. The risk that various investors are willing to take reflects their financial position and alternative opportunities. Risk and asset allocation are also influenced by whether money, and especially its expenditure, is more important now or in the future. These decisions are all influenced by governmental policies. When there are mismatches, the results include financial meltdowns, fiscal deficits, sovereign debt, default and debt crises. Harold L. Cole provides a broad overview of the financial system and assets pricing, covering history, institutional detail, and theory. The book begins with an overview of financial markets and their operation and then covers asset pricing for standard assets and derivatives, and analyzes what modern finance says about firm behavior and capital structure. It then examines theories of money, exchange rates, electronic payments methods, and cryptocurrencies. After exploring banks and other forms of financial intermediation, the book examines the role they played in the Great Recession. Having provided an overview of the provate sector, Cole switches to public finance and government borrowing as well as the incentives to monetize the public debt and its consequences. The book closes with an examination of sovereign debt crises and an analysis of their various forms. Finance and financial intermediation are central to modern economies. This book covers all of the material a sophisticated economist needs to know about this area.

Author : Moritz Schularick
Publisher : University of Chicago Press
Page : 318 pages
File Size : 44,6 Mb
Release : 2022-12-14
Category : Business & Economics
ISBN : 9780226816937

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Leveraged by Moritz Schularick Pdf

Introduction : the new economics of debt and financial fragility /Moritz Schularik --Part 1. Finance unbound : the rise of finance and the economy.How to think about finance /Atif Mian ; comment by Karen Dynan --Reconsidering the costs and benefits of debt booms for the economy /Emil Verner ; comment by Holger Mueller --Part 2. Risk-taking : incentives, investors, institutions.Are bank CEO's to blame? /Rüdiger Fahlenbrach ; comment by Sameul G. Hanson --A new narrative of investors, subprime lending, and the 2008 crisis /Stefania Albanesi ; comment by Fernando Ferreira --Bank capital before and after financial crises /Òscar Jordà, Björn Richter, Moritz Schularick, and Alan M. Taylor ; comment by Anna Kovner --Part 3. Mispricing risks : credit booms and risk premia.Beliefs and risk-taking /Alessia de Stefani and Kaspar Zimmermann ; comment by Yueran Ma --A new approach to measuring banks' risk exposure /Juliane Begenau ; comment by Nina Boyarchenko --Is risk mispriced in credit booms? /Tyler Muir --Part 4. Financial crises : reconsidering the origins and consequences.Historical banking crises : a new database and a reassessment of their incidence and severity /Matthew Baron and Daniel Dieckelmann ; comment by Mark Carlson --Was the U.S. Great Depression a credit boom gone wrong? /Natascha Postel-Vinah ; comment by Eugene N. White --Sectoral credit booms and financial stability /Kärsten Muller ; comment by Orsola Costantini.

Author : Louis-Philippe Rochon,Mario Seccareccia
Publisher : Edward Elgar Publishing
Page : 299 pages
File Size : 44,5 Mb
Release : 2013-09-30
Category : Business & Economics
ISBN : 9781781003954

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Monetary Economies of Production by Louis-Philippe Rochon,Mario Seccareccia Pdf

With its central focus on money and its link with the production sphere, this book explores how best to adapt the fundamental ideas of the circulationist perspective to achieve a better understanding of the financialisation of the productive apparatus