ABSTRACT
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
chapter |8 pages
Introduction
part I|111 pages
Money, Production and the Banking System
chapter 1|20 pages
On Money
chapter 2|19 pages
The Monetary System and the Central Bank
chapter 3|28 pages
National Monetary Disequilibria: Inflation
chapter 4|16 pages
National Monetary Disequilibria: Deflation
chapter 5|26 pages
The Monetary Intervention of Central Banks
part II|104 pages
Money and International Transactions
chapter 7|22 pages
International Liquidity: Problems and Attempted Solutions
chapter 8|18 pages
The International Payments Problem and the Balance of Payments
chapter 9|19 pages
The Exchange Rates Problem
chapter 10|16 pages
Towards a New Solution to the Crisis of International Payments?
part III|143 pages
Towards the Creation of a Supranational Money