Focardi Money

What It Is, How It’s Created, Who Gets It and Why It Matters
Erscheinungsjahr 2018
ISBN: 978-1-315-39105-2
Verlag: Taylor & Francis
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 202 Seiten

Reihe: Economics in the Real World

Understanding money – its creation, distribution and the value attached to it- is critical to understanding a society. This book introduces the principal theories of money, integrating them with macroeconomics.

The author takes three perspectives: first, a historical perspective, showing how the forms of money evolve in society, from the primitive tools of barter and credit to modern fiat and more recently digital money; second, an engineering perspective, discussing money as a social technology for free exchange; third, a scientific-philosophical perspective, asking what is fundamental in money.

The book addresses five key questions. What is money? How is it generated? How is it distributed? How does money acquire value and how does that value change? How does money impact the economy and society?

Money: What it is, how it’s created, who gets it and why it matters will be of interest to students of economics and finance theory as well as being essential reading for anyone who wants a more complete understanding of monetary theory, macroeconomics, money and banking. It will also appeal to all those seeking an understanding of the interplay between money and society.

Autoren/Hrsg.

Focardi, Sergio M.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie

Inhaltsverzeichnis

Introductory remarks, 1. The Theory of Money: Basic Concepts, Part I, 1.1 Can We Do Without Money?, 1.2 Market Economies, Money and Value, 2. The Theory of Money: Basic Concepts Part II, 2.1 Do We Need a Theory of Money?, 2.2 Operationalism and Theories of Money, 2.3 The Concept of Stock-flow Consistency, 2.4 Money and Macroeconomics, 2.5 A Framework for Understanding Theories of Money, 3. What Is Money?, 3.1 Brief Remarks on Money Throughout History, 3.2 Alternative Forms of Money, 3.3 So Just What Is Money? Metallists and Chartalists, 4. Modelling Money, 4.1 Modelling Coins, 4.2 Modelling Fiat Money, 5. How Money Is Created, 5.1 The Question of Money Generation, 5.2 Creating Traditional Forms of Money, 5.3 The Creation of Bank Deposits and the Multiplier, 5.4 The Creation of Bank Deposits and Endogenous Money Generation, 5.5 Nonconventional Ways Central Banks Can Create Money, 5.6 Other Ways to Create Money, 6. How Money Acquires Value and How that Value Changes over Time, 6.1 How Money Gains Acceptance, 6.2 How Money Acquires Value, 6.3 How the Value of Money Changes: The Elusive Concept of Inflation, 6.4 Chartalism and the State Theory of Money, 7. Money: How It’s Distributed, 7.1 The Question of the Distribution of Money, 7.2 Who Gets the (New) Money?, 7.3 Persuading the Sceptics: Loans and Bank Deposits, 7.4 Closing Considerations on the Role of Commercial Banks in Allocating Money8. Money and the Economy, 8.1 Money and Classical Economic Theory, 8.2 The Theory of the Circuit of Money, 8.3 Puzzles: The Declining Velocity of Money and Missing Inflation, 8.4 Money and Complexity, 8.5 Economic and Financial Instabilities, 8.6 Modern Money Theory, 8.7 Stock-flow Consistent Models, Concluding remarks, Appendices

Über Autor(innen)

Sergio M. Focardi is Professor of Finance and researcher at the Léonard de Vinci Pôle Universitaire, Research Center, Paris-La Defense, France. He is a member of the editorial board of the Journal of Portfolio Management and has authored numerous articles and books on mathematical finance, including a series of monographs for the Research Foundation of CFA Institute.