Where Does Money Come From?

A Guide to the UK Monetary and Banking System

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Banks & Banking
Cover of the book Where Does Money Come From? by Josh Ryan-Collins, Tony Greenham, Richard Werner, The New Economics Foundation
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Author: Josh Ryan-Collins, Tony Greenham, Richard Werner ISBN: 9781908506245
Publisher: The New Economics Foundation Publication: November 1, 2012
Imprint: Language: English
Author: Josh Ryan-Collins, Tony Greenham, Richard Werner
ISBN: 9781908506245
Publisher: The New Economics Foundation
Publication: November 1, 2012
Imprint:
Language: English

Where Does Money Come From? reveals how, contrary to public perception, the bulk of today's money supply is created and allocated by commercial banks in their role as providers of credit. The authors argue that this system is inherently unstable, with little effective regulation of how much credit is provided, or whether it is used for productive or speculative purposes. Based on detailed research and consultation with experts, including from the Bank of England, Where Does Money Come From? reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. This second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe. 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Where Does Money Come From? reveals how, contrary to public perception, the bulk of today's money supply is created and allocated by commercial banks in their role as providers of credit. The authors argue that this system is inherently unstable, with little effective regulation of how much credit is provided, or whether it is used for productive or speculative purposes. Based on detailed research and consultation with experts, including from the Bank of England, Where Does Money Come From? reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. This second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe. 

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