Description
Monetary Theory provides an alternative to monetary economics based on the distinctive properties of money banking. The book:
*Analyses money
*Shows that the distinction between money and income is rooted in the banking practice
*Examines exchange rate instability and financial crisis
*Puts forward an alternative proposal for European Monetary Union.
Table of Contents
Introduction Part I Money, production and the banking system 1 ON MONEY 2 THE MONETARY SYSTEM AND THE CENTRAL BANK 3 NATIONAL MONETARY DISEQUILIBRIA: INFLATION4 NATIONAL MONETARY DISEQUILIBRIA: DEFLATION 5 THE MONETARY INTERVENTION OF CENTRAL BANKS Part II Money and international transactions 6 INTERNATIONAL PAYMENTS WITHIN THE GOLD STANDARD AND THE GOLD-EXCHANGE STANDARD 7 INTERNATIONAL LIQUIDITY: PROBLEMS AND ATTEMPTED SOLUTIONS 8 THE INTERNATIONAL PAYMENTS PROBLEM AND THE BALANCE OF PAYMENTS 9 THE EXCHANGE RATES PROBLEM 10 TOWARDS A NEW SOLUTION TO THE CRISIS OF INTERNATIONAL PAYMENTS? 11 THE PROBLEM OF EUROPEAN MONETARY UNIFICATION 12 MONETARY HOMOGENEITY AND MONETARY SOVEREIGNTY: TWO COMPATIBLE OBJECTIVES 13 THE EXTERNAL DEBT PROBLEM 14 THE CONSEQUENCES OF EXTERNAL DEBT SERVICING 15 ELEMENTS FOR A SOLUTION TO THE EXTERNAL DEBT PROBLEM
