Issues in Money and Banking (Google eBook)
Today's banking systems, from the prosperous American economy to muddled Europe and wobbly Japan, may not be in as good shape as is generally assumed. Although, for instance, large financial institutions face the challenges of the new Euro with confidence, small and mid-sized banks are not as well prepared to deal with the world's changing financial scene. While most banks' profits continue to come from lending, many have become exposed to lesser borrowers, and others have entered businesses, such as asset management and trading, that could become less attractive. Given the pressure on banks to earn more profits and the extra risks they have taken, it behooves us to revisit the key issues in banking. This book casts the ongoing changes in money and banking into perspective.
The issues discussed are long standing. Some have antecedents in the distant past, others are more recent. The book opens with a brief discussion of what money is, including the monetarist, Austrian, and Keynesian views, and of differing views on the role of supply and demand. It then considers the early and later years of central banking in the U.S. and abroad, moving on to the role of bureaucracy and monetary policy. The volume then considers contemporary commercial banking, the changing nature of banking today, and the Euro and the dollar. Written in nontechnical language, the book will be useful to the specialist and interested layman alike.
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MONETARISTS AUSTRIANS KEYNESIANS AND MONEY
Supply and Demand for Money
SUPPLY OF MONEY
THE GLOBAL DIMENSION
CAGAN ON THE MONEY SUPPLY
OTHER VIEWS ON THE MONEY SUPPLY
PERMANENT INCOME MODELS
IMPORTANCE OF CREDIBILITY
GOALS INDICATORS AND TARGETS OF MONETARY POLICY
Contemporary Commercial Banking
PRICING OF INPUTS AND OUTPUTS
UNIQUENESS OF THE BANKING INDUSTRY
OTHER MODELS OF MONEY
Central Banking The Early Years
THE BANK OF ENGLAND
OTHER EARLY BANKS
Central Banking The Later Years
REGIONAL AND NATIONAL ASPECTS OF THE US FEDERAL RESERVE ACT OF 1913
THE CLASSICAL GOLD STANDARD MANAGED FIDUCIARY STANDARD AND ECONOMIC PERFORMANCE SINCE THE NINETEENTH C...
Central Banking and Bureaucracy
A BOTTOM LINE?