| 书目名称 | The Creators of Inside Money | | 副标题 | A New Monetary Theor | | 编辑 | D. Gareth Thomas,David S. Bywaters | | 视频video | | | 概述 | Develops a new monetary model of inside money.Analyses and theoretically models the endogenous money supply as loanable funds and the role of the retail banks in the process of loan creation.Supported | | 图书封面 |  | | 描述 | .This second edition updates and extends the original foundations of the loanable funds model. It develops a new monetary model of inside money, which is created by the commercial (or retail) banks, drawing on the events of 2007/08 that led to the Great Recession and fragile economy of today. Coronavirus is likely to cause another downturn of economic activity, from the perspective of late 2020 as this is written. That will represent a long-period of subpar, anaemic growth, which has not been satisfactorily explained by the traditional theory in the form of neo-classical analysis. The reason may lie with the adoption of a body of theory based primarily on a barter system of exchange but sometimes with one commodity used as money to try to explain a dynamic, monetary economy of today. Money has evolved from a system of barter to become a medium of exchange based on fiat money and credit currency underpinned by legal tender, and therefore, a creature of law. If households and firms lose confidence in the banking system, they can withdraw their deposits in the form of cash as a medium of exchange, which must be accepted in exchange for goods and services as legal tender..This book hi | | 出版日期 | Book 2021Latest edition | | 关键词 | Money supply; Monetary economy; Depositors; Retail banks; Real economy; Commercial banks; Credit; Credit ri | | 版次 | 2 | | doi | https://doi.org/10.1007/978-3-030-70366-0 | | isbn_softcover | 978-3-030-70368-4 | | isbn_ebook | 978-3-030-70366-0 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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发表于 2025-3-21 19:55:02
