Description
Book SynopsisIn many ways, Bernstein's A Primer on Money, Banking, and Gold can be seen as one long preface to his bestselling The Power of Gold. In A Primer on Money, Banking, and Gold , Bernstein discusses the link that still exists between our money and gold and why.
Trade Review"This book reveals and discusses the link that still exists between money and gold." (Finance & Management Faculty, October, 2008)
Table of ContentsForeword by Paul A. Volcker ix
New Introduction xv
Original Introduction xxv
Part One The Money Problem
Chapter 1 Why Worry about Money and Gold? 3
Chapter 2 Spending and Financing 8
Chapter 3 The Price of Money 16
Part Two The Creation of Money
Chapter 4 Money in Hand and Money in the Bank 29
Chapter 5 The Business of Banking 39
Chapter 6 Bank Credit and Money 49
Part Three The Control of Money
Chapter 7 The Federal Reserve System 69
Chapter 8 Federal Reserve Tools of Control 84
Chapter 9 Reserve Requirements 105
Chapter 10 Currency: A Complication 120
Part Four Gold
Chapter 11 Gold at Home 133
Chapter 12 Gold Abroad 142
Part Five Theory in Practice
Chapter 13 The Experience of 1938 to 1945 163
Chapter 14 The Experience of 1945 to 1963 176
Chapter 15 The Experience of 1966 188
Conclusion Money and Gold in the Future 203
Appendix Reading the Weekly Federal Reserve Statement 215
Bibliography 227
Acknowledgments 231
Index 233
