Sovereign Money

Sovereign Money
By:Joseph Huber
Published on 2016-12-09 by Springer

In coming to terms with the still smoldering financial crisis, little attention has been paid to the flaws within our monetary system and how these flaws lie at the root of the crisis. This book provides an introduction and critical assessment of the current monetary system. It begins with an up to date account of the workings of today’s system of state-backed ‘bankmoney’, illustrating the various forms and issuers of money, and discussing money theory and fallacy past and present. It also looks at related economic challenges such as inflation and deflation, asset inflation and bubble building that lead to market instability and examines the ineffectual monetary policies and primary credit markets that are failing to reach some sort of self-limiting equilibrium. In order to fix our financial system, we first need to understand its limitations and the flaws in current monetary and regulatory policy and then correct them. The concluding part of this book is dedicated to the latter, advocating a move towards the sovereign monetary prerogatives of issuing the entire stock of official money and benefitting from the gain thereof (seigniorage). The author argues that these functions should be made the sole responsibility of independent and impartial central banks with full control over the stock of money (not the uses of money) on the basis of a legal mandate that would be more detailed than is the case today. This includes a thorough separation of monetary and fiscal powers, and of both from banking and wider financing functions. This book provides a welcome addition to the banking literature, guiding readers through the inner workings of our monetary and regulatory environments and proposing a new way forward that will better protect our economy from financial instability and crisis.

This Book was ranked at 32 by Google Books for keyword money and banking.

Book ID of Sovereign Money's Books is HIuxDQAAQBAJ, Book which was written byJoseph Huberhave ETAG "dZIkQBPAF9c"

Book which was published by Springer since 2016-12-09 have ISBNs, ISBN 13 Code is 9783319421742 and ISBN 10 Code is 3319421743

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Book which have "206 Pages" is Printed at BOOK under CategoryBusiness and Economics

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