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Where Does Money Come From?: A Guide to the UK Monetary & Banking System

By Josh Ryan-Collins

Where Does Money Come From?: A Guide to the UK Monetary & Banking System Business, Finance & Career

Where Does Money Come From?: A Guide to the UK Monetary & Banking System

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Description
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 ofÊthe 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.
Product details
Edition:
2
Number of Pages:
186
Release Date:
2014-03-01
Publication Date:
2014-03-01
Publisher:
New Economics Foundation
Languages:
Published: English, Original: English
ISBN10:
1908506547
Weight:
460 g
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