Monetary economics Books
Taylor & Francis Ltd Aspects of British Economic History
Book SynopsisCovering the period from November 1918 to the restoration of the Gold Standard in the UK in April 1925, this book, originally published in 1947, sets out and explains the economic facts of the immediate post-war period. There are sections on employment, production, government intervention in industry, the monetary factor, real income and real wages. A statistical appendix brings together in four sections a number of important tables which supplement the text. Table of ContentsPart 1: Introductory 1. An Outline Map 2. Dates and Time Divisions 3. The Arrangement of this Volume Part 2: Employment 1. Post-Armistice Contraction in Employment 2. The Transfer of Work-People from War to Peace Employment 3. The course of employment Throughout our Period 4. The doldrums and the Intractable Million Part 3: Production 1. The course of Physical Production over the Book, Slump and doldrums 2. Ship-Building 3. Contrasts of Ship-Building and House-Building 4. Cotton Exports Part 4: Government Intervention in Industry 1. The Rise and Fall of Industrial Controls 2. Price Restriction 3. Rationing of Consumers 4. Foreign Trade Policy Part 5: The Monetary Factor 1. The Money Link with America 2. Monetary Movements in our Period 3. Prices of Commodities and Money Rates of Wages 4. Causes and Conditions of the Monetary Boom 5. Causes and Conditions of the Monetary Slump 6. The Relation Between Movements in Money Income and in Employment During the Boom, the Slump and the Doldrums Concluding Chapter: The Upshot for Real Income and Real Wages. Statistical Index.
£128.25
Manchester University Press The Pound and the Fury: Why Anger and Confusion
Book SynopsisWhat’s wrong with the UK economy? Everyone has an opinion. But no one has an answer. Why?For decades, our economy has failed to work for ordinary citizens: stagnant wages have been combined with underemployment and rising costs of basic goods like healthcare, education and housing. At the same time, a small minority of the population make obscene profits, while in the background we continue to hurtle headlong into an environmental emergency. While there is no shortage of anger and anti-elite sentiment expressed in what is often referred to as the ‘culture wars’, no significant challenge to the dominant economic model has broken into the mainstream.The pound and the fury argues that behind this failure of imagination are a set of myths about how the economy works, myths that stifle debate and block change. This book analyses the origins of these myths and how they might be dispelled at a time when, away from the public gaze, economic theory is opening up new possibilities of economic action. Possibilities that, as we emerge from the chaos of COVID-19, could lead to the radical structural changes we desperately need.Trade Review‘A brilliant expose of how our financial system continues to operate largely unquestioned based on a blueprint for confusing and exploiting people.’ Danny Dorling, author of Slowdown: The End of the Great Acceleration - and Why It's Good for the Planet, the Economy, and Our Lives ‘Read this book if you want to understand the discriminative and unfair power relations behind the economy and why the public are deliberately blinded by myth and disinformation.’ Oliver James, author of Affluenza: How to be successful and stay sane‘A must read for anyone interested in the economy and economic policy as we face up to the huge challenges of rising inequality, financial instability and environmental breakdown.’ Josh Ryan-Collins, Head of Finance and Macroeconomics at the Institute for Innovation and Public Purpose and co-author of Where Does Money Come From?'A brilliantly engaging exploration of the self-serving mythologies that sustain our economy in the face of its growing dysfunctions and inequalities. We can't afford not to read it.'Aeron Davis, author of Reckless opportunists: Elites at the end of the Establishment -- .Table of ContentsIntroduction1 Anger, confusion and the pot of money myth2 Churches of high finance: myth in the financial sector3 Magic money tree: myth in the political sphere4 Media myths5 Demythologising the economy: not a pot of moneyNotesIndex
£999.99
Verso Books The Production of Money: How to Break the Power
Book SynopsisAccording to leading economist Ann Pettifor, one of the few people to predict the 2008 financial crisis, money is not a commodity but a promise. This radical reconsideration of the power of money means that we can reimagine the way the economy works. The Production of Money also examines popular alternative debates on, and innovations in, money, such as "green QE" and "helicopter money." She sets out the possibility of linking the money in our pockets (or on our smartphones) to the improvements we want to see in the world around us.Trade ReviewAnn Pettifor was always the ideal author of a book that shatters the fantasy of apolitical money and the toxic myth that monetary policy must remain a democracy-free zone. This book is now a reality -- Yanis VaroufakisPettifor has a splendidly clear vision, both of money creation and of the role of banks. There is a great deal to applaud here, including her critique of mainstream economic models, which continue to ignore money and banking or, alternatively, get that horribly wrong -- Charles Goodhart, Emeritus Professor, London School of EconomicsAnn deserves a lot of credit because she was trying to highlight these issues many, many years ago, and unfortunately, there weren't enough people who were trying to map the system, model it, and then above all else, modify it. We have to map the financial system and then work out how to change it. -- Gillian Tett, author of The Silo EffectOur livelihoods and ecosystem are deeply affected by the world of money production and finance. But it's a world largely hidden from us by vested interests. In language we can all understand, Ann Pettifor explains the issues and the debates around money, shadow banking, QE and 'helicopter money.' A must-read. -- Caroline Lucas, Co-Leader of The Green Party of England and WalesCoolly authoritative, soberly trenchant, unexpectedly compelling, Ann Pettifor's book is vital in both senses, important and full of life. -- Zoe Williams * Guardian *Pettifor's new book aims to elucidate the nature of money, the better to help women advocate for their needs * Vogue US *Pettifor has a gift for breaking down complex economic ideas into notions that feel almost intuitive. If her book cannot hope to wholly democratize money, it could certainly help democratize the understanding of it, which Pettifor sees as the first step to encouraging public demands for a fairer system. * Bookforum *Enlightening. She is unafraid to square up to the mainstream economists who stand 'aloof' from the financial system. * Independent *
£9.49
IGI Global Stabilizing Currency and Preserving Economic
Book SynopsisThe monetary instability experienced in recent years imposes enormous costs worldwide and has led to calls for a reset of the international monetary system. To avoid the problem arising again, the value of money must once again be defined in terms of some real commodity or commodities, as it has been for most of history. However, making currencies convertible into gold once again would be no panacea. A better alternative, first proposed in the 19th century and advocated in the 20th century, is for money to be made convertible into a range of commodities other than gold. Stabilizing Currency and Preserving Economic Sovereignty Using the Grondona System discusses how a sustainable basis for sovereign national money systems can be simply achieved by implementing the "Grondona System," whereby the value of currency is stabilized by making it conditionally convertible into a range of primary commodities. Covering a range of topics such as economic growth, fiat money, and digital currencies, this book is ideal for policymakers, economists, investors, academicians, researchers, instructors, and students.
£174.80
Emerald Publishing Limited The Digital Renminbi’s Disruption: Shaping the
Book SynopsisChina has a leading edge over the advanced countries in process of digitalisation and has created the world’s first central bank digital currency, or CBDC. The business community is well aware of China’s role in leading the way in global business disruption and innovation by being fast and first, global and local, and by investing in e-commerce platforms, big data, 5G network and artificial intelligence applications. Applying economic theories and data analysis, Chi Lo discusses the impact of China’s digital disruption to the world’s financial systems, trade and investment trends, economic policy, regulations and geopolitics. The Digital Renminbi’s Disruption analyses the uncharted territories in which world is moving into, such as China’s expansion of its digital infrastructure to the developing world and even advanced economies. Unique to this study is the linking of the geopolitical and China’s own domestic political developments with China’s digitalisation process to articulate the hidden, and often misunderstood, themes and trends both within China and the global system. Exposing hidden trends and systemic flaws and debunking myths, The Digital Renminbi’s Disruption contributes to revealing China’s digital disruption and leads to a better understanding of upcoming potential volatility in the wake of the unfolding digital revolution.Table of ContentsIntroduction. China, Central Bank Digital Currency and Cryptocurrency Chapter 1. China’s Central Bank Digital Currency Chapter 2. The Crypto Disruption Chapter 3. Disrupting the Crypto Disruption Chapter 4. Decoding China’s Tech policy Chapter 5. Breaking Up the Global Payments System Chapter 6. The Digital Belt and Road Initiative Chapter 7. The Digital Currency War Chapter 8. Renminbi vs Dollar Hegemony, the Ultimate Disruption
£45.59
Jon Carpenter Goodbye America!: Globalisation, Debt and the
Book Synopsis
£10.45
JCB Mohr (Paul Siebeck) Gewinn und Verlust der Bundesbank
Book SynopsisDie Finanzkrise und die Krisenmaßnahmen der Europäischen Zentralbank haben zu umfangreichen Veränderungen und neuen Herausforderungen für das Europäische System der Zentralbanken geführt.Wesentliche Auswirkungen ergeben sich auch in Bezug auf den Gewinn und Verlust der Bundesbank. Die erhebliche Erweiterung der Bilanzen der Zentralbanken des ESZB ermöglicht einerseits deutlich höhere Gewinne als in der Vergangenheit und andererseits stellt sie eine Bedrohung für die Solvenz der Zentralbanken dar. Vor diesem Hintergrund untersucht Timo Sebastian Heller die rechtlichen Regelungen in Bezug auf Gewinn und Verlust der Bundesbank. Dabei betrachtet er sowohl die Krisenmaßnahmen des ESZB als auch die Veränderung der TARGET2-Salden. Ebenfalls untersucht und bewertet er Alternativen zum bestehenden System der Gewinnverteilung und Gewinnverwendung.
£102.00
Produccicones de La Hamaca Toward a Life-Centered Economy
Book Synopsis
£10.20
Springer Verlag, Singapore China's Renaissance: Global Strategies in 21st Century
Book SynopsisThis book studies China’s international relations, development strategies and development path. It provides an objective and in-depth analysis of areas including international relations in the context of China’s population and resource environment, ways to strengthen China’s external competitiveness, strategies for economic security and China’s trade currency, Sino-US relations in the 21st Century, geopolitical strategy and great renaissance of Chinese culture. The book analyzes the difficulties, challenges and unique features of China’s economic and social development. Further, it examines long-term and short-term social and economic issues as well as the difficulties in dealing with the issues. It provides objective and realistic suggestions for realizing China’s dream of the great rejuvenation of the nation. It is a valuable source of reference for researchers and practitioners interested in China’s development. Table of ContentsChapter I Introduction1. Difficult Road to Renaissance 2. China’s International Relations and Strategies and its development 3. An Analysis of China’s International Relations from Economic Perspective: A New Logical Framework Part I The International Relations of Population Resources and EnvironmentChapter II Development: Global Strategy of the Balance of Population Potential and Resource1. Being defeated without fighting: Chinese Ethnic Civil Quality Decline2. Main Resource Demands and Gaps3. Global Strategy of the Population and Resource in the futureChapter III Global Warming and China’s Development 1. The Position of China in the Negotiation of Global Climate2. China’s Strategies3. Discussion on China’s Environment Strategy in 21st Century Part II Strengthening the External Competitiveness of ChinaChapter IV The Current situation and Gaps of China’s Competitiveness in Science and Technology1. The Position of the Science and Technology Competitiveness of China in the World 2. Surpassing Strategies in Science and Technology 3. Summary and Forecast: Innovation-orientated Country and the Pattern of National Competitiveness Part III China’s Trade and Monetary StrategiesChapter V China’s Trade in Economic Globalization 1. Four Keys to the Climbing the value chain Strategies2. Trade Strategies for Realizing a Mutually BeneficialChapter VI China’s Development and World Monetary System in the future1. The Trend for Currency Appreciation2. Strategies for RMB Appreciation and Avoiding Exchange Rate Losses3. RMB Internationalization4. World Monetary System Comes into BeingPart IV Sino-U.S. in the 21st Century and Geopolitical strategyChapter VII Interest Conflict between the U.S. and China and Strategies for dealing with it.1. Forecast for the Interest Conflict between the U.S. and China2. The Strategies of China and the U.S. for National Interests.3. China’s Game Strategies to the U.S.Chapter VIII Gains and Costs from the Sino-American Game 1. What the U.S. Gains from the Sino-African Game Strategies2. Costs of the War between China and the U.S. 3. Costs and Benefits of the Game Strategies in the Cooperation of China, the U.S. and Africa4. Third Party Profits in the Game Strategies in the Cooperation of China, the U.S. and Africa5. Conclustion: Cooperative Game Strategies between the U.S. and China<Chapter IX China’s Geo Environment and Relation Strategy1. China’s Order of National Benefits in the World 2. Policies of China’s Geo Strategies Part V The Peaceful Revival of Chinese CivilizationChapter X Soft Power and Chinese Civilization 1. Evaluation of China’s Cultural Soft Power: Strengths and Weaknesses2. Goals and Strategies of China’s Cultural Development in the first half of 21st Century3. Specific Strategies in China’s Cultural Development in the Future4. ConclusionChapter XI The Road for Peaceful Development and the Renaissance of Chinese Ethnic 1. Road for Development2. Great Renaissance for Chinese Ethnic
£80.99
ISEAS Malaysia’s Student Loan Company: Tackling the
Book Synopsis
£999.99
Independently Published Análise Técnica para Forex Explicada: Masterize
Book Synopsis
£7.77
De Gruyter Making Money: The History and Future of Society's
Book SynopsisHow much do you really know about money? Everyone uses it, but few know how it really works. Most books about money focus on specific aspects. This book breaks through the usual silos to present money as a broad social technology that serves the current needs of society. It reviews the latest developments in financial technology including cryptocurrency, blockchain, and the prospect of a cashless future; and clears up many misconceptions in the process. Starting with a very brief history, the authors provide insights on how money is made; why money has value and what can change its value; how central banks, treasuries, foreign exchange, lending, and blockchain work; why you may be trading against robots; and privacy and security issues in an increasingly cashless society that will change our lives. While written for a broad audience, this book is also essential reading for students entering courses in the area of business finance, or money and banking.
£21.38
University of California Press Money in the TwentyFirst Century
Book SynopsisTable of ContentsContents Prologue 1. The Year That Changed Everything 2. The Cashless Society 3. Mobile Money and Digital Banking 4. Crypto 5. Govcoins 6. The Exorbitant Privilege 7. Cheap Money, Asset Bubbles, and Government Finances 8. Conclusion Acknowledgments Notes References Index About the Author
£21.60
Harvard University Press The Future of Money
Book SynopsisNew technologies are shaking the foundations of traditional finance. Leading economist Eswar Prasad foresees the end of cash, as central banks develop their own digital currencies to compete with Bitcoin and Meta's Diem. Money and finance are on the verge of dramatic transformations that will reshape their roles in the lives of ordinary people.Trade ReviewA strength of [Prasad’s] analysis is his mastery of both technical details and big-picture trade-offs…As it loses physical form, money’s meaning will become ever harder to grasp. This book explores the economic and social effects of that upheaval, giving shape to this most abstract of concepts. * The Economist *An in-depth look at how our wallets are set to evolve. -- Enda Curran * Bloomberg *Prasad aims to pull together some of the threads about bitcoin and such like to set out a big picture on money…Prasad’s helpful discussion of the pressures on, and options available to, central banks was illuminating. I found his framing of the ways in which these new technologies simultaneously make regulation both easier and more difficult interesting. -- David Birch * Financial World *Digital technologies are also transforming the world of finance. Prasad provides an invaluable overview of what this might mean: physical money will disappear; central bank money will compete with the new private versions; financial intermediation will be transformed; and new opportunities will open to the world’s population. -- Martin Wolf * Financial Times *Demystifies the esoteric world of cryptocurrencies…Prasad’s analysis is the best single point of entry for those interested in the nitty-gritty of digital finance. -- Barry Eichengreen * Foreign Affairs *A road map for money managers, market strategists, and others seeking to understand this new world. -- Reshma Kapadia * Barron’s *As money has become free to move around the world, Prasad probes how digital innovation is reshaping it as both a tool and a concept. -- Paola Subacchi * Nature *An ambitious book, covering the diverse landscape of digital money, and one that will remain relevant for years to come. -- Daniel Kuhn * CoinDesk *In The Future of Money Eswar Prasad explains how technology will impact everything financial, from what money will look like to peer-to-peer lending, central banking, and cross-border capital flows. In lucid prose, Prasad explains to the intelligent layperson how exactly Bitcoin works and whether a digital renminbi could challenge the US dollar. If you are looking for an insightful and comprehensive guide to how monetary finance might change, look no further. -- Raghuram G. Rajan, Professor of Finance at the University of Chicago Booth School of Business, former Chief Economist of the International Monetary Fund, and former Governor of the Reserve Bank of IndiaMoney shapes economies, economies shape nations, nations shape history. It follows that the future of money is profoundly important. Here is a definitive report on where we are and where we are going. -- Lawrence H. Summers, Charles W. Eliot Professor and President Emeritus, Harvard UniversityPrasad’s book is the best on the topic so far. In particular, it provides the most complete description of issues and factors that will shape the future of money. Everyone with limited time wanting to have a deeper understanding of money in the 21st century, should read this book. -- Daniel Heller * Central Banking *Drawing on his extensive policymaking experience and insights as one of the leading macroeconomists, Eswar Prasad in The Future of Money provides a comprehensive account of the economic, social, and technological issues that will determine how we save, invest, buy, and sell in the future. -- Mark Carney, former Governor of the Bank of EnglandComprehensive…and a vital handbook for anyone looking to understand how finance is changing. -- Gavin Jackson * Financial Times *In The Future of Money Eswar Prasad has produced a single-volume masterpiece with all one needs to know about an amazing upcoming turning point in monetary policy. He shows that if we follow his sensible advice and heed his warnings of over-regulation and fear, Central Bank Digital Currency will be a genuine help to the poor and a gateway to global stability. Encyclopedic and carefully researched, the book is packed with many valuable, easy-to-understand examples. -- John B. Taylor, Stanford UniversityA sober-minded and informative take on an overheated topic. * Publishers Weekly *A sweeping survey of fintech, crypto assets, and central bank digital currencies (CBDCs). -- John Detrixhe * Quartz *Very interesting and very worthwhile…I’ll be referencing The Future of Money for a long time. -- John Tamny * Forbes *For anyone who really wants to understand how [Bitcoin] works in all its technical splendor, there is no better introduction. -- Benjamin J. Cohen * Project Syndicate *An impressive overview of the many changes digital technologies have already wrought…A sweeping overview of developments in payments, from the specifics of Ant Group’s business to the e-krona project and Venezuela’s Petro…An engaging read. -- Jon Frost * Finance and Development *An eminently readable work that is accessible and smooth. From banks to cryptocurrencies to fintech, he gives a detailed crash course on the present and lays out breadcrumbs to an uncertain future. As Prasad says, only one thing is for sure, cash is on its way out. What the future holds remains to be seen. * The Week (India) *The book makes a significant contribution. It addresses many wider issues associated with digital currencies and digital finance. These issues include the potential effects on financial stability, the monetary transmission system, domestic and international payment systems, financial inclusion and inequality. It is impressive that so many topics are covered in an accessible manner…[An] excellent book. -- Carlo Cocuzzo and Ian Bright * Society of Professional Economists *Covers everything about digital money, finance, and fintech that anyone would need or want to know. -- Alex Lo * South China Morning Post *A wonderful introduction to, and reference for, the fast-changing world of electronic assets…Fun to read, provides lots of fascinating material for money and banking classes…The book is solid, but the future of privately provided e-money is not. -- Robert P. Flood * Journal of Economic Literature *An interesting and insightful exposition on the shifting landscape from traditional paper notes to digital currencies…The Future of Money provides readers with a window into some of the opportunities and challenges that lie ahead for the financial sector. -- Ronald L. Moy * Enterprising Investor *While written from the perspective of a central bank economist, the book is highly readable and accessible to those without formal training in monetary economics and policy. As it describes projects likely to become reality over the next five to ten years, The Future of Money is relevant for social science scholars interested in technology, digitalization, markets, and organizations. -- Alex Preda * Administrative Science Quarterly *This book offers valuable insights to understand the impact of digital currencies on monetary policy, commercial banks and financial stability. * Journal of Evolutionary Economics *
£26.96
Edward Elgar Publishing Ltd Post-Keynesian Economics: New Foundations
Book SynopsisStudents in economics are ever more distressed by the disconnect between mainstream economics and the real world. This book shows how post-Keynesian economics constitutes a coherent heterodox alternative, based on realistic assumptions and the integration of the financial and real sides of the economy, with an emphasis on the many paradoxes that arise in a truly macroeconomic analysis.The book is a considerably revised and updated version of the widely used and frequently cited 2014 edition. It provides a comprehensive account of post-Keynesian theory and policy. Topics covered include its methodological foundations, consumer theory and choice under fundamental uncertainty, firms and pricing, money and credit, effective demand and employment, growth theory, open-economy issues, inflation theory. It also links with ecological economics. Scholars of economics, particularly post-Keynesian and heterodox economists, will find this comprehensive look at the field a necessary addition to their libraries, while students and instructors will find it a perfect text for any class on post-Keynesian economics.Trade ReviewWinner of the EAEPE Myrdal Prize (now the Joan Robinson Prize)‘Marc Lavoie’s thoroughly revised Post-Keynesian Economics provides an irrefutable critique of mainstream economics, which is becoming ever more recondite and irrelevant. But the book does much more, offering the clear prospect of an intellectual renewal of both micro- and macroeconomics, firmly founded on realistic assumptions relevant for a world of fundamental uncertainty and integrating finance and the real economy. Lavoie’s Post-Keynesian Economics, unparalleled in its coverage of establishment and post-Keynesian micro- and macroeconomics, is a work of lasting importance. An amazing feat.’ -- Servaas Storm, Delft University of Technology, the NetherlandsAcclaim for the first edition:‘I am delighted to have been invited to present a discussion of Marc Lavoie’s Post-Keynesian Economics: New Foundations. I was contemplating whether to give my short review, “it’s a brilliant book, you must buy it”, or my longer and more considered review, “it’s a brilliant book, you must buy it and I wish I had written it!” . . . It is a book every economist should have on his (or her) shelf, placed within easy reach.’ -- John McCombie, European Journal of Economics and Economic Policies: InterventionTable of ContentsContents: Notation used in the book Preface to the Second Edition 1. Essentials of heterodox and post-Keynesian economics 2. Theory of choice 3. Theory of the firm 4. Credit, money and central banks 5. Effective demand and employment 6. Accumulation and capacity 7. Open-economy macroeconomics 8. Inflation theory 9. Concluding remarks References Index
£49.35
Gallery Books Marketcrafters
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£24.00
Black Cat The Price of Time
Book Synopsis
£19.99
£18.04
Random House USA Inc Buffett The Making of an American Capitalist
Book SynopsisSince its hardcover publication in August of 1995, Buffett has appeared on the Wall Street Journal, New York Times, San Francisco Chronicle, Los Angeles Times, Seattle Times, Newsday and Business Week bestseller lists.Starting from scratch, simply by picking stocks and companies for investment, Warren Buffett amassed one of the epochal fortunes of the twentieth century—an astounding net worth of $10 billion, and counting. His awesome investment record has made him a cult figure popularly known for his seeming contradictions: a billionaire who has a modest lifestyle, a phenomenally successful investor who eschews the revolving-door trading of modern Wall Street, a brilliant dealmaker who cultivates a homespun aura.Journalist Roger Lowenstein draws on three years of unprecedented access to Buffett’s family, friends, and colleagues to provide the first definitive, inside account of the life and career of this American original. Bu
£14.61
Princeton University Press The Curse of Cash
Book SynopsisTrade ReviewWinner of the 2017 PROSE Award in Economics, Association of American Publishers Selected for Canada's Financial Post Best Personal Finance and Economics Books of 2016 One of Financial Times (FT.com) Best Economics Books of 2016 One of Bloomberg's Best Books of 2016 Longlisted for the Financial Times and McKinsey Business Book of the Year 2016 "In a brilliant and lucid new book, The Curse of Cash, the Harvard economist Kenneth Rogoff gives a fascinating and thorough account of the argument against cash."--John Lanchester, New York Times Magazine "An excellent book on the history and the origins of cash, which also goes into much depth on the issue of cash constraining monetary policy."--Jon Hartley, Forbes.com "The great accomplishment of his book is that his arguments are convincing... It's clear and coherent, and even if you disagree with him in the end, chances are you'll think a little bit differently about something of which most of us give no thought whatsoever."--Bethany McLean, Washington Post "[A] fascinating economic manifesto... [The Curse of Cash] is an absorbing exploration of the uses, and misuses, of currency, and its intractability in controlling modern economies."--Publishers Weekly "Economist Rogoff, the former chief economist of the International Monetary Fund, offers a detailed case for eliminating paper money... For both the elimination of paper money and the employment of negative interest rates to combat deflationary recessions, Rogoff painstakingly presents both the advantages and the drawbacks... Provocative."--Library Journal "In a witty new book, The Curse of Cash, economist Kenneth Rogoff argues the human race would be better off without paper money. He's onto something."--Hiawatha Bray, Boston Globe "[The Curse of Cash] makes the case for encouraging the U.S. government to drastically scale back on $100 bills in circulation. The book ... offers a thought-provoking theory for phasing out paper money, not eliminating it."--Susan Tompor, Detroit Free Press "Meticulously written, [The Curse of Cash] covers everything needed for such a monetary reform. But the book is not excessively polemical. Rogoff details almost all the arguments against tinkering with paper currency, then labors to refute or defuse them."--Peter Garber, Finance & Development "Rogoff is always worth listening to... Where Rogoff is on very solid ground is when he says the process of weaning us further off cash should begin with the abolition of high-denomination notes."--David Smith, Sunday Times "Rogoff makes a compelling case for the crime-fighting power of his idea."--David Nicklaus, St. Louis Post Dispatch "[Rogoff] understands that getting rid of cash ... is not exactly an easy sell. So Rogoff builds the case against cash, loading up on all the things wrong with paper money... Rogoff's case against cash is so cogently argued that it's hard to believe that we haven't already gotten rid of paper bills and coins--or at least larger bills."--Mark Gimein, Strategy+Business.com "An illuminating, provocative and fact-packed work that does make you wonder why on earth we allow so much cash to slosh around. It also exposes some well-worn pub truths as urban myths."--Patrick Hosking, The Times "Ken Rogoff, the Harvard economist, who argues in [his] new book that we should start to phase out cash is, for me, on the money."--Ben Chu, Independent "This book is a rare bird indeed: accessible, absorbing and often deadpan funny."--Brian Bethune, Maclean's "The idea is not as crazy as it may sound. In a recent book, The Curse of Cash, Rogoff, says boring old paper (or plastic, in our case) bank notes are a major barrier to monetary policy--changing interest rates--fulfilling its potential. The book ... is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk."--Clancy Yeates, Sydney Morning Herald "[The Curse of Cash] is a fascinating contribution to the debate about what might be done to help get many wealthy countries out of an economic funk."--Clancy Yeates, Sydney Morning Herald "Lively and clearly written."--Geoffrey Wood, Central Banking Journal "Recommended for readers who seek a greater understanding of negative interest rates and the possibility of eliminating cash."--Choice "You may not have any in your wallet, but $100 bills make up an astonishing 80 percent of the U.S. currency in circulation. In his new book, The Curse of Cash, Kenneth Rogoff ... proposes a plan to phase out most paper currency in the United States and other economically advanced nations, keeping only low-denomination notes to create what he terms a 'less-cash' society."--MIT Technology Review "Like a chess player playing many opponents simultaneously, Rogoff views 'the curse of cash' through several prisms, and offers a compelling rationale of the merits of a 'less cash' economy."--Venky Vembu, The Hindu "The Curse of Cash is a well-argued book and Rogoff is a good economist."--Pierre Lemieux, Regulation,Table of ContentsPreface ix Chapter 1: Introduction and Overview 1 PART I: The Dark Side of Paper Currency: Tax and Regulatory Evasion, Crime, and Security Issues Chapter 2: The Early Development of Coins and Paper Currency 15 Chapter 3: Size and Composition of Global Currency Supplies, and the Share Held Abroad 31 Chapter 4: Holdings of Currency in the Domestic, Legal, Tax-Paying Economy 48 Chapter 5: Currency Demand in the Underground Economy 58 Chapter 6: Seigniorage 80 Chapter 7: A Plan for Phasing Out Most Paper Currency 92 PART II: Negative Interest Rates Chapter 8: The Cost of the Zero Bound Constraint 119 Chapter 9: Higher Inflation Targets, Nominal GDP, Escape Clauses, and Fiscal Policy 147 Chapter 10: Other Paths to Negative Interest Rates 158 Chapter 11: Other Possible Downsides to Negative Nominal Policy Rates 175 Chapter 12: Negative Interest Rates as a Violation of Trust and a Step Away from Rule-Based Systems 182 PART III: International Dimensions and Digital Currencies Chapter 13: International Dimensions to Phasing Out Paper Currency 199 Chapter 14: Digital Currencies and Gold 208 Final Thoughts 217 Acknowledgments 221 Appendix 225 Notes 233 References 257 Index 273
£22.50
Edward Elgar Publishing Ltd Monetary Regimes and Inflation: History, Economic
Book SynopsisAcclaim for the first edition:'Peter Bernholz's book brings together his comprehensive studies of inflation from the fourth century to the present, showing their common elements and their differences. This is an impressive work that bankers, central bankers, economists and laymen can read with pleasure and profit. I recommend it highly.'- Allan H. Meltzer, The Hoover Institution, StanfordExploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of political systems and economic relationships, as well as the importance of different monetary regimes in containing them. The differences for the possible size of inflations among monetary regimes like metallic currencies, the gold standard and fiat paper money are discussed. It is shown that huge budget deficits of government have been responsible for all hyperinflations. This revised second edition debates whether a growth of the money supply exceeding that of real Gross Domestic Production is a necessary or sufficient reason for inflation and also includes a new concluding chapter, which explores the long-term tendencies to create, maintain and abolish inflation-stable monetary regimes. Moreover, the conditions for long-term inflation-stable monetary regimes in history are explored.By surveying thirty hyperinflations, Peter Bernholz demonstrates that certain economic traits have been stable characteristics of inflations over the centuries, and illustrates their causes. He also examines the consequences of high inflations for unemployment, the distortions between relative prices and the political conditions that allow a return to stable monetary regimes after high inflations, given the inflationary tendencies of political systems.This book will appeal to a wide-ranging audience, including students, economists, historians, political scientists and sociologists looking to improve their knowledge of monetary regimes and inflation. Bankers, businessmen and politicians attempting to solve the problems caused for them by inflation, will also find this to be a useful read.Trade Review'What makes this book so special is the interaction of historical detail, innovative economic analysis and public choice theory. A wealth of historical evidence, both institutional and quantitative, is used to illustrate key hypotheses from monetary theory and political economy and draw important lessons for public policy. Not only is inflation shown to be a monetary phenomenon but the monetary regime itself is explained by political institutions and events.' --Roland Vaubel, Universitat Mannheim, GermanyTable of ContentsContents: Preface 1. Introduction 2. Inflation and Monetary Regimes 3. Inflation under Metallic Monetary Regimes 4. Moderate Paper Money Inflations 5. Characteristics of Hyperinflations 6. Currency Competition, Inflation, Gresham’s Law and Exchange Rate 7. Ending Mild or Moderate Inflations 8. Currency Reforms Ending Hyperinflations 9. Forces Establishing, Maintaining and Eroding Stable Monetary Regimes Appendix Index
£29.95
Harriman House Publishing Foreign Exchange
Book SynopsisThe foreign exchange market is the largest and most liquid financial market in the world. In recent years its volatility has been especially pronounced, which has posed problems for investors, companies and governments attempting to manage their economies. The management of exchange rates has become integral to economic performance and to the political landscape. 'Foreign Exchange, The Complete Deal', part of Harriman House's Applied Essentials series, is a comprehensive guide to this broad and exciting market, and how it is traded. James Sharpe, a foreign exchange practitioner with more than 30 years' experience, unravels the important features of the Forex market to give a clear understanding of the issues and processes involved in foreign exchange transactions. This book begins with an exploration of the historical and theoretical background to the markets as they exist today. The transition from a fixed exchange rate system to a floating system is examined and insight is given on the processes that determine exchange rates and how the system employed impacts government policy.There is also a detailed section about the influence interventions by central banks have on the market.The focus then moves to foreign exchange in practice, the core of the book. Topics covered include: - The range of foreign exchange transactions available - including spot, forward, broken date, non-deliverable forwards (NDFs), swaps and options - and how they can be used, with clear worked examples - How foreign exchange prices are quoted; bid-offer spreads; pips - How foreign exposures are hedged - How banks and dealers cover their exposure in the market and make profits - A discussion of tools that are used to analyse the market, including technical analysis - Factors that influence foreign exchange prices on a daily basis including a detailed look at liquidity - How professional traders analyse markets and provide a blueprint for professional trading - How best to choose and manage the relationship with foreign exchange providers This is an indispensable guide for those who need to understand more about the commercial realities of currency trading and hedging, providing a clear and thorough explanation of the complete world of foreign exchange.Table of ContentsPreface 1. Exchange Rate Systems: From Fixed to Floating, and Chaos - Fixed exchange rates - Floating exchange rates - Conclusion - Foreign exchange and the UK - 1960 to the 2000s 2. Central Banks and Foreign Exchange Intervention - What is foreign exchange intervention? - Intervention and monetary policy - The efficacy of intervention - Conclusion 3. The Basics of Foreign Exchange - A definition of foreign exchange - The foreign exchange market 4. The Theory of Foreign Exchange: How Exchange Rates are Determined - Exchange rates and supply and demand - The effect of exchange rates on an economy - Interest rate parity (IRP) - Purchasing power parity (PPP) - Currencies overshooting their expected levels - Rudiger Dornbusch 5. Foreign Exchange in Practice - Price quotations - How dealers cover their exposure - Orders - How to calculate trading profits and losses - Recording a trade - Rules when making foreign exchange transactions 6. Types of Foreign Exchange Transactions 1. Spot 2. Forward outright 3. Broken date contracts 4. Non-deliverable forward (NDF) 5. Swap 6. Forward/forwards 7. Algorithmic trading 8. Options 7. Predicting the Future: Technical Analysis and FX Forecasting - Technical analysis and the foreign exchange markets - Forecasting the foreign exchange markets 8. Psychology and Foreign Exchange - Group behaviour - Overconfidence - Overreaction - Attitude to risk - Attitude to rules 9. Influences on Foreign Exchange Markets - Economic data - Impact of central bank intervention - Breach of technical levels - Seasonal price analysis - Dramatic events - Market intelligence 10. A Blueprint for Trading - Before, during and after the trade - Managing losses - Investment vs. Speculation 11. Liquidity - Assessing liquidity - When liquidity disappears - The carry trade and Torschlusspanik (door shut panic) 12. Hedging Currency Exposure - Overview of hedging - Sources of exposure - The hedging process - Impact of hedging - Currency overlay - Conclusion 13. The Management of Dealing - Risks - Dealing limits at banks - Monitoring forward foreign exchange exposure 14. Dealing with Banks and Financial Institutions - The provider should be financially strong - The provider should be operationally strong - Check the bank can supply the product and service you require - Dealing mandate - Foreign exchange limits - Understanding what is on offer - Agreements - Banks dealing with customers Afterword Appendices Appendix 1. Foreign exchange solutions in brief Appendix 2. A simple guide to technical analysis Glossary Bibliography Index
£29.74
John Wiley & Sons Inc Foreign Exchange
Book SynopsisPraise for Foreign Exchange Tim Weithers starts by telling the reader that foreign exchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that money is much more exciting than anything it buys. This useful book is a whirlwind tour of the world''s largest market, and the tour guide is an expert storyteller, inserting numerous fascinating insights and quirky facts throughout the book. -John R. Taylor, Chairman, CEO and CIO, FX Concepts The book reflects the author''s doctorate from the University of Chicago, several years'' experience as an economics professor, and, most recently, a very successful decade as an executive at a huge international bank. These fundamental ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew. -Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College In this book, TimTable of ContentsPreface. Acknowledgments. CHAPTER 1: Trading Money. Introduction. Trading Money. The Roles Money Plays. The Major Currencies. Some Interesting Questions. Appendix: Countries, Currencies, and ISO Codes. CHAPTER 2: Markets, Prices, and Marketmaking. What Is a “Market”? What Is a “Price”? Buyers and Sellers. Marketmaking. Summary. CHAPTER 3: Interest Rates. What Are “Interest Rates”? Inflation. Day Count or Day Basis. Compounding. Discounting. Types of Interest Rates. Interest Rates in the Real World. CHAPTER 4: Brief History of Foreign Exchange. Historical Background. The FX Markets Today. The Regulatory Environment and Central Bank Intervention. Summary. CHAPTER 5: The Foreign Exchange Spot Market. The Spot Market. Spot FX Quoting Conventions. Economic Interpretation. Purchasing Power Parity. Cross Rates and Triangular Arbitrage in the Spot Market. The Bid–Ask Spread in Foreign Exchange. Timing. Settlement. Market Jargon. “The Best Arbitrage Around!” CHAPTER 6: Foreign Exchange Forwards. Introduction to Forwards and Forward Pricing. Foreign Exchange Forwards and Forward Pricing. Interest Rate Parity (Covered Interest Arbitrage). FX Spot–Forward Arbitrage. FX Forward Price Quotes and Forward Points. Timing. Off-Market Forwards. Foreign Exchange Forwards in the Real World. CHAPTER 7: Foreign Exchange Futures. Background. Futures versus Forwards. Foreign Exchange Futures Contract Specifications. Margin. Why Use Futures? Options on FX Futures. Summary. CHAPTER 8: Foreign Exchange Swaps or Cross-Currency Swaps or Cross-Currency Interest Rate Swaps or . . . . Introduction. FX Spot-Forward Swaps. Cross-Currency Swaps or FX Cross-Currency Interest Rate Swaps or FX Bond Swaps. Summary. CHAPTER 9: Foreign Exchange Options. Option Basics. Equity Options. Put-Call Parity with Equity Options. In-the-Money, At-the-Money, and Out-of-the-Money. Theoretical Option Value and Option Risk Measures (“The Greeks”). Foreign Exchange Options. Put-Call Parity in Foreign Exchange. Perspective Matters. FX Option Premium. Volatility. Uses and Strategies. Appendix: Theoretical Option Valuation. The Binomial Model. The Black–Scholes/Garman–Kohlhagen Model. The Garman–Kohlhagen Option Risk Measures or “Greeks”. CHAPTER 10: Exotic Options and Structured Products. What Is an Exotic Option? Nonstandard Options. Digital or Binary Options. Barrier Options. Other Exotic Options. FX-Linked Notes. CHAPTER 11: The Economics of Exchange Rates and International Trade. Money versus Currency. Types of FX Exposures. Fixed versus Floating Exchange Rates. Implications of Monetary Policy. Trade Deficits: A Curse or a Blessing. Politics and Economics. CHAPTER 12: Currency Crises. The End of Bretton Woods. Bankhaus Herstatt. The ERM Crisis of 1992. The Asian Crisis of 1997. The Russian Crisis of 1998. The Turkish Lira Crisis of 2001. The Argentinean Peso Crisis of 2002. Summary. CHAPTER 13: Technical Analysis. Introduction. What Is Technical Analysis? Methods of Technical Analysis. Technical Analysis in Foreign Exchange. Technical Analysis Today. Summary. CHAPTER 14: Where Do We Go From Here? CHAPTER 15: Conclusion. APPENDIX. Precious Metals. Answers to the Chapter Exercises. Notes. References. About the Author. Index.
£63.00
Cornell University Press States and the Reemergence of Global Finance
Book SynopsisDrawing on extensive historical research, Eric Helleiner provides the first comprehensive political history of the phenomenon, one that details and explains the central role played by states in permitting and encouraging financial globalization.Trade ReviewEric Helleiner offers readers a very useful and readable history of post-war changes in international finance. I would readily assign this book to graduate and advanced under-graduate seminars in international political economy. It covers a lot of territory and does not sacrifice depth for expanse. * International History Review *"This is a fascinating tale of how the international financial system arrived at its present global span. Helleiner argues that the liberalization of financial markets worldwide has been driven largely by government choices, not by technological change or economic pressures. The challenges to states and the reemergence of global finance reveal what an interesting and provocative book it is. This brief outline cannot do justice to its theoretical sophistication and historical depth. Helleiner has made an important contribution in a debate that will undoubtedly continue." —International JournalTable of Contents1. IntroductionPART I: THE RESTRICTIVE BRETTON WOODS FINANCIAL ORDER 2. Bretton Woods and the Endorsement of Capital Controls 3. Continuing Caution: The Slow and Limited Move to ConvertibilityPART II: THE REEMERGENCE OF GLOBAL FINANCE 4. Support for the Euromarket in the 1960s 5. Failed Cooperation in the Early 1970s 6. Four Turning Points in the Late 1970s and Early 1980s 7. The Liberalization Trend in the 1980s 8. Weathering International Financial CrisesPART III: CONCLUSION 9. Explaining Differing State Behavior in Trade and FinanceWorks Cited Index
£20.79
Elliott & Thompson Limited The Almighty Dollar: Follow the Incredible
Book SynopsisHave you ever wondered why we can afford to buy far more clothes than our grandparents ever could . . . but may be less likely to own a home in which to keep them all? Why your petrol bill can double in a matter of months, but it never falls as fast?; Behind all of this lies economics.; It's not always easy to grasp the complex forces that are shaping our lives. But by following a dollar on its journey around the globe, we can start to piece it all together.; The dollar is the lifeblood of globalisation. Greenbacks, singles, bucks or dead presidents: call them what you will, they are keeping the global economy going. Half of the notes in circulation are actually outside of the USA - and many of the world's dollars are owned by China.; But what is really happening as our cash moves around the world every day, and how does it affect our lives? By following $1 from a shopping trip in suburban Texas, via China's central bank, Nigerian railroads, the oilfields of Iraq and beyond, The Almighty Dollar reveals the economic truths behind what we see on the news every day. Why is China the world's biggest manufacturer - and the USA its biggest customer? Is free trade really a good thing? Why would a nation build a bridge on the other side of the planet?; In this illuminating read, economist Dharshini David lays bare these complex relationships to get to the heart of how our new globalised world works, showing who really holds the power, and what that means for us all.Trade Review"A brilliant book ... everyone should buy it because it's very, very readable" - Iain Dale, LBC; "Original and engaging ... If you've ever wondered what globalisation is and why people get so passionate about it then I can think of no better guide. Economics can be fascinating and accessible. This book is proof" - Joel Hills, Business Editor, ITV News; `Brilliantly revealing' - Ian King, business presenter, Sky News, and Times columnist; `Readable and illuminating' - The BooksellerTable of ContentsContents; Introduction 1; 1 Worshipping at the temple of low prices and endless offers: The USA to China 15; 2 Making - and working - the global red carpet: China 41; 3 Finding love in the Niger Delta: China to Nigeria 65; 4 Spicing up the recipe for success: Nigeria to India 89; 5 The dark price of black gold: India to Iraq 119; 6 Funding the means of destruction: Iraq to Russia 143; 7 The trials of a blended family: Russia to Germany 169; 8 A bad day at work for the Masters of the Universe: Germany to the UK 195; 9 Feeding the addiction: The UK to the USA 221; Further reading 251; Acknowledgements 255; Index 257
£13.49
Columbia University Press The Peoples Money
Book SynopsisThe People's Money introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Paola Subacchi shows that the key to understanding China's economic predicament lies in past and future strategies for the renminbi.Trade ReviewPaola Subacchi brings a wealth of knowledge of China's economy and politics to this fascinating and informative exploration of China's currency, considering how the economic giant will develop its 'renminbi strategy' and take its proper place on the world's financial stage at a time of instability, economic slowdown, and domestic social tension. -- Diane Coyle, The Enlightened Economist, and author of GDP: A Brief but Affectionate HistoryPaola Subacchi clearly had access to a remarkable depth and breadth of people in writing this book, and the insights she has drawn from those conversations and from her experience with this key topic make this well worth reading for anyone interested in understanding the history of the renminbi—and its possible future. -- Jim O'Neill, UK Commercial Secretary to the TreasuryChina's attempt to create an international role for its currency, the renminbi, speaks to its geopolitical ambitions, financial reform efforts, and economic growth prospects alike. In this important book, Paola Subacchi uses renminbi internationalization as a window onto these larger questions about China's economic, financial, and political future. Her analysis is engaging and accessible; it will appeal to specialists and nonspecialists alike. -- Barry Eichengreen, author of Hall of Mirrors: The Great Depression, the Great Recession, and the Uses–and Misuses–of HistoryThe People's Money may be the most detailed and comprehensive English-language account so far of China's efforts to pursue the internationalization of the renminbi. In this balanced and deeply-informed narrative, Paola Subacchi details the progress made—and the problems encountered—as the Chinese leadership strives to increase the global appeal of the renminbi. -- Yu Yongding, former president of the China Society of World EconomicsTimely, relevant, and fascinating read. * Publishers Weekly *A clear overview of the history and the issues, both in general and those facing Chinese policy-makers in particular. -- Peter Gordon * Asian Review of Books *Insightful.... The People's Money offers a rich, accessible and much needed account of the workings of China's opaque banking and financial systems.... It is filled with interesting evidence. * Times Higher Education *The book is extremely readable and provides an informative overview about the topic, including contemporary historical background. * Economic and Political Weekly *This illuminating volume by economist Paola Subacchi provides an excellent overview of the past and future prospects of the Renminbi—the People’s money. * The China Journal *Table of ContentsPrefaceIntroduction1. Money Is the Game Changer2. China's Extraordinary but Still Unfinished Transformation3. A Financially Repressed Economy4. China: A Trading Nation Without an International Currency5. Living with a Dwarf Currency6. Creating an International Currency7. Building a Market for the Renminbi8. The Renminbi Moves Around9. Managing Is the Word10. The Age of Chinese MoneyNotesIndex
£19.80
Dauphin Publications The Creature from Jekyll Island
Book SynopsisThis is the classic exposé of the Fed that has become one of the best-selling books in its category of all time. Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It reads like a detective story - which it really is, but it's all true. This book is about the most blatant scam of history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Your world view will definitely change. Putting it quite simply, this may be the most important book on world affairs you will ever read. The 5th Edition includes a no-holds barred analysis of bank bailouts that are shown to be nothing less than legalized plunder of the people. Many other updates have been added, including a revision to the list of those who attended the historic meeting at Jekyll Island where the Federal Reserve was created.
£39.99
Legare Street Press Kapital und Kapitalzins
a huge range and FREE tracked UK delivery on ALL orders.
£31.30
LEGARE STREET PR The Economic Writings of Sir William Petty Volume 1
a huge range and FREE tracked UK delivery on ALL orders.
£19.90
£27.50
Princeton University Press The Story of Silver
Book SynopsisTrade Review"One of the Financial Times' Summer Books of 2019: History""One of the Financial Times' Best Books of 2019: History"
£15.29
Radio Free Market Secrets About Money That Put You At Risk
£8.95
Cambridge University Press Obamas Bank
a huge range and FREE tracked UK delivery on ALL orders.
£47.50
Cambridge University Press The Economics of Art and Culture
a huge range and FREE tracked UK delivery on ALL orders.
£999.99
Liberty Fund Inc New Individualist Review
Book SynopsisInitially sponsored by the University of Chicago Chapter of the Intercollegiate Society of Individualists, the New Individualist Review was more than the usual campus magazine. It declared itself founded in a commitment to human liberty. Between 1961 and 1968, seventeen issues were published which attracted a national audience of readers. Its contributors spanned the libertarian-conservative spectrum, from F. A. Hayek and Ludwig von Mises to Richard M. Weaver and William F. Buckley, Jr. In his introduction to this reprint edition, Milton Friedman -- one of the magazine''s faculty advisors -- writes that the Review set an intellectual standard that has not yet, I believe, been matched by any of the more recent publications in the same philosophical tradition.
£13.25
Liberty Fund Inc The Fluttering Veil Essays on Monetary
Book Synopsis
£17.95
Liberty Fund Inc On the Manipulation of Money and Credit
Book SynopsisPublished by Liberty Fund for the first time in English, On the Manipulation of Money and Credit consists primarily of three pieces on monetary theory written by Ludwig von Mises between 1923 and 1931. As a precursor to Human Action, Mises''s magnum opus, this volume includes some of his most important contributions to trade-cycle theory. The first essay, Stabilization of the Monetary Unit from the Viewpoint of Theory written in 1923 during a period of German hyperinflation, discusses the consequences of the fluctuating purchasing power of paper money and explores such ideas as the outcome of inflation, that is, the result of the increase in the amount of money, and an emancipation of monetary value from the influence of government. Written in 1928, the second essay, Monetary Stabilization and Cyclical Policy critiques schemes for stabilising prices and for measuring purchasing power. The third selection is a speech Mises gave in 1931, The Causes of the Economic Crisis. It explores the
£17.05
Liberty Fund Inc SOCIAL JUSTICE THE INDIAN Collected Papers of
Book Synopsis
£17.06
Liberty Fund Inc Social Justice the Indian Rope Trick
Book SynopsisAnthony de Jasay is arguably one of the most independent thinkers and influential libertarian political philosophers of our time. Through his writings, he challenges the reigning paradigms justifying modern democratic government, providing an antidote to the well-intentioned yet, in Jasay''s opinion, naive expansion of state power furthered by much of modern thought today. In this collection of witty and compelling essays, the author challenges what many of today''s social and political philosophers widely accept: that social injustice is identified with inequality and social justice with equality. Rather, Jasay argues that justice preempts so-called social justice, so any attempt to adorn equality in the robes of social justice is an illusion, a sleight of hand, much as the Indian rope in the notorious trick is made to stand up skyward on its own. The fifteen articles in this collection include both published and unpublished papers written over the years 2008 to 2012. Scholars, studen
£10.40
Cambridge University Press Rethinking Macroeconomics with Endogenous Market Structure
Book SynopsisThe birth and death of firms is one of the main features of the business cycle. Yet mainstream DGSE macroeconomic models mostly ignore this phenomenon, thereby excluding any potential impact of economic policy on the probability of the birth and death of firms. Those DGSE models that do allow for this phenomenon do so at the cost of drastic simplifications, which effectively rule out causal links between the strategic interaction of industrial firms and the macroeconomy. This innovative new book develops a bottom-up, agent-based framework that shows how strategic interactions at the level of oligopolistic firms, and even at the level of individuals, affect entire industrial sectors and the equilibrium of the macroeconomy. It will appeal to academic researchers and graduate students working in computational economics, agent-based modelling and econophysics, as well as mainstream economists interested in learning more about alternatives to DGSE models in macroeconomics.Trade Review'If, against all the empirical evidence, you insist on believing that the processes of entry and exit of companies do not affect the structure of the market, do not read this book. Using an agent-based methodology, the authors provide a fully convincing interpretation of how the interaction between oligopolistic firms is at the origin of the fluctuations and structural dynamics of capitalism, controllable thanks to economic policy.' Mauro Gallegati, Marche Polytechnic University'This book is a fascinating attempt to rethink one of the basic questions in macroeconomics by using agent-based modelling, rather than mathematical equations. It clearly demonstrates the potential of this approach with a clear explanation of the model and the theory lying behind it.' Nigel Gilbert, University of Surrey'With this book Mazzoli, Morini and Terna have demonstrated their thought leadership in the field of agent-based macroeconomics. Their innovative framework for understanding dynamical causality, constraints, and interactions among market participants, industrial structures, and strategic partners offers us a computational tool for capturing, predicting, and planning for complexities of the modern economic world.' Mirsad Hadzikadic, Professor, UNC Charlotte'One of the relevant advantages of the agent-based models over the general economic equilibrium approach is that they allow us to model the behavior of heterogeneous agents. In this book the authors introduce an endogenous market structure, with a supply-side founded on the strategic behavior of a set of incumbent oligopolistic firms, engaged in a struggle to fence off potential new entrants. The demand side is modeled both as a clearing market and – here comes the innovation – as a system of interacting, price-fixing agents, carrying out a trial and error process. This approach is a successful attempt to breach the wall between the agent-based and mainstream macro modeling.' Massimo Egidi, Professor emeritus, Luiss University of RomeTable of ContentsIntroduction; Part I. Theory: 1. Industrial structure and the macroeconomy: a few premises for a macromodel; 2. Industrial structure and the macroeconomy: the macroeconomic model and its algebraic framework; Part II. Model: 3. A computable market model: the structure of the agent-based simulation; 4. The results of the simulation agent-based model; 5. The model facing empirical data; Conclusions; Appendices: Appendix A. The structure of an atomistic simplified Hayekian market; Appendix B. The acrostics of the simulation model and its parameters; References; Biographical notes.
£89.29
Cambridge University Press The Bank of England and the Government Debt
Book SynopsisThe Bank of England and the Government Debtrecounts the surprising history of the Bank of England''s activities in the government securities market in the mid-twentieth century. The Bank''s governor, Montagu Norman, had a decisive influence on government debt management policy until he retired in 1944, and established an auxiliary market in government securities outside the Stock Exchange during the Second World War. From the early 1950s, the Bank, concerned about inadequate market liquidity, became an increasingly active market-maker in government securities, rescuing the commercial market-makers in the Stock Exchange several times. The Bank''s market-making activities often conflicted with its monetary policy objectives, and in 1971, it curtailed them substantially, while avoiding the damaging effects on liquidity in the government securities market that it had feared. Drawing heavily on archival research, William A. Allen sheds light on little-known aspects of central banking and monetary policy.Trade Review'This is the fascinating story of how the Bank of England deployed its huge powers in the gilt-edged market for nearly half a century. If you want to know why Parliamentary scrutiny of the Bank of England matters today, this book provides some instructive history. If you want to know what was really going on in monetary policy and government debt management before, during and after the war, it is an essential read.' Andrew Tyrie, former Chair of the Parliamentary Commission on Banking Standards and of the Treasury Select Committee'Based on personal experience as a senior Bank of England official, and research into primary Bank archival sources, William A. Allen provides the definitive account of how the UK Gilts Market developed over the years 1928–1972. Essential reading for anyone interested in that market.' Charles Goodhart, Professor Emeritus of Banking and Finance, Financial Markets Group, London School of Economics'The size of the public debt is often discussed, but the mechanics of how it is issued and managed have been quite obscure despite the importance for financial markets and interest rate policy. Allen draws on archive records to tell a compelling and detailed story of how the Bank of England manipulated the market over almost fifty years. On the way he offers an important insight into the Bank of England's relationship with the market and with the Treasury in the decades before monetarism. Must reading for those seeking to understand the British economy and financial markets from the 1920s to the 1970s.' Catherine Schenk, University of Oxford'This is a fascinating book for those with an interest in what now comes across as the often bizarre history of pre-Big Bang financial markets.' John Shepperd, Society of Professional EconomistsTable of Contents1. Introduction; 2. Price and quantity discovery, market making and liquidity in the gilt market; 3. Government securities and the structure of the Stock Exchange; 4. Government debt management before 1928; 5. The gilt market and the Issue Department 1928–39; 6. Government debt management and the gilt market in the Second World War; 7. Post-War: 1945–51; 8. The gilt market from the reactivation of monetary policy until 1960; 9. Gilt market liquidity in the 1960s; 10. The high tide of intervention: 1960–66; 11. The conflict with monetary policy recognised and addressed: 1967–70; 12. Competition and credit control, 1970–72; 13. The Bank of England's contribution to market liquidity; 14. Governance in practice; 15. Conclusions; 16. Epilogue: bearing the cost of providing liquidity.
£95.00
Createspace Independent Publishing Platform Forex Quick Beginner Guide: Forex for Beginner, Forex Scalping, Forex Strategy, Currency Trading, Foreign Exchange, Online Trading, Make Money Online, Fx Trading
£8.40
Nova Science Publishers Inc International Remittances: Background,
Book Synopsis
£92.79
Nova Science Publishers Inc Federal Grants: Background, Issues, and
Book SynopsisChapter 1 is intended for Congressional members and staff assisting grant seekers in districts and states and covers writing proposals for both government and private foundation grants. In preparation for writing a proposal, the chapter first discusses preliminary information gathering and preparation, developing ideas for the proposal, gathering community support, identifying funding resources, and seeking preliminary review of the proposal and support of relevant administrative officials. Members of Congress receive frequent requests from grant seekers needing funds for projects in districts and states. As reported in chapter 2, the congressional office should first determine its priorities regarding the appropriate assistance to give constituents, from providing information on grants programs to active advocacy of projects. Chapter 3 describes key sources of information on government and private funding, and outlines eligibility for federal grants. The subcommittee on intergovernmental affairs held a hearing to examine the management of Federal grant awards. Chapter 4 reports on the findings. Chapter 5 provides a brief overview of the federal government's authority to impose conditions on federal grant funding. It explains the constitutional basis of the federal government's power to condition funds, as well as the limits on this power that have been recognized in a long line of U.S. Supreme Court cases Chapter 6 provides information on current federal grants and loans that fund emergency communications, information on the application process, eligible communications activities, and other resources they can provide to constituents seeking federal grant and loan funding to support emergency communications projects. Chapter7 provides a historical synopsis of the evolving nature of the federal grants-in-aid system, focusing on the role Congress has played in defining the system's scope and nature. It begins with an overview of the contemporary federal grants-in-aid system and then examines its evolution over time, focusing on the internal and external factors that have influenced congressional decisions concerning the system's development. Chapter 8 discusses several questions that might be raised regarding the implementation of the executive order by federal grant-making agencies (also known as "federal awarding agencies) and the impact on federal grant funding for designated sanctuary jurisdictions. Each year, Congress and the Administration provide funding for a variety of grant programs through the Department of Justice (DOJ). Chapter 9 provides an overview of congressional actions to fund DOJ's grant programs through these accounts for FY2018.Table of ContentsFor more information, please visit our website at:https://novapublishers.com/shop/federal-grants-background-issues-and-management/
£163.19
Nova Science Publishers Inc Euro: A Currency of 300 Million People
Book Synopsis
£999.99
Nova Science Publishers Inc Monetary Policy & Issues: New Research
Book Synopsis
£166.49
Nova Science Publishers Inc Monetary Policy in Emerging Markets & Other
Book SynopsisOver the past twenty years there has been a marked shift toward more flexible exchange rate regimes and more open capital accounts by both industrial and non-industrial economies. Two decades ago exchange rate pegs of various kinds accounted for over half of industrial country monetary policy regimes, but declined to just 5 percent of regimes by 2005, while in non-industrial countries the share fell from 75 percent to 55 percent. The move toward more flexibility in exchange rates has been accompanied by the adoption of a variety of frameworks to conduct monetary policy, ranging from inflation targeting, monetary targeting, and more eclectic approaches based on several targets. In industrial countries, exchange rate pegs and monetary targets have been replaced by regimes based on implicit or explicit inflation targets. In non-industrial countries, exchange rate pegs have also often been replaced by direct inflation targets, although many non-industrial countries still operate through somewhat eclectic regimes. This book is important read for understanding monetary policy under high capital mobility based on other countries'' experiences.
£122.99
Nova Science Publishers Inc Political & Economic Consequences of Economic &
Book Synopsis
£122.99
