{"product_id":"9781394257263-making-money-work","title":"Making Money Work","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eHow to Rewrite the Rules of Our Financial System\u003cbr\u003e\u003cp\u003e\u003cb\u003eThe Global Financial Crisis broke the monetary system. Here's how to fix it.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eMaking Money Work: How to Rewrite the Rules of Our Financial System,\u003c\/i\u003e Matt Sekerke and Steve H. Hanke deliver a rigorous and fascinating exploration of the monetary economy. You'll find a detailed and clear roadmap of how and why fiat money is created and destroyed, its connections to the broader economy, and the objective mechanisms that underwrite and maintain its value.\u003c\/p\u003e \u003cp\u003eIn their exploration, Sekerke and Hanke solve many problems and puzzles and shed light on several important questions:\u003c\/p\u003e \u003cul\u003e\n\u003cli\u003eWhy economists misunderstand the structure and function of the monetary system\u003c\/li\u003e\n\u003cli\u003eThe central role of the commercial banking system in fiat money regimes, and why commercial banks are not like other financial intermediaries\u003c\/li\u003e\n\u003cli\u003eThe economic and regulatory constraints on bank money creation\u003c\/li\u003e\n\u003cli\u003eThe interplay between banking and capital markets in funding investment projects\u003c\/li\u003e\n\u003cli\u003eHow the “banks” that dominate the international financial landscape distort the lines between banking and capital markets business\u003c\/li\u003e\n\u003cli\u003eWhy banking regulation and fiscal policy determine and constrain monetary policy to an equal or greater extent than central bank actions\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eSekerke and Hanke trace important post-crisis policy developments and sketch the broad strokes of a new operating model that would restore the performance of the monetary system and make better use of aggregate savings:\u003c\/p\u003e \u003cul\u003e\n\u003cli\u003eMaking neutrality the explicit goal of monetary policy, properly understood\u003c\/li\u003e\n\u003cli\u003eIncreasing the supply of bankable projects and keeping them on bank balance sheets\u003c\/li\u003e\n\u003cli\u003eBreaking the financial system's fatal attraction to land and real estate\u003c\/li\u003e\n\u003cli\u003eReducing regulatory distortions in lending markets\u003c\/li\u003e\n\u003cli\u003eReforming universal banking institutions and stimulating competition\u003c\/li\u003e\n\u003cli\u003eTransitioning to a quantity-based monetary policy framework\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eAn engaging and incisive guide to the global systems of money and banking, \u003ci\u003eMaking Money Work\u003c\/i\u003e is destined to become a sought-after classic for bankers, finance professionals, policymakers, regulators, academics, and laypeople with an interest in money and banking.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":55583707267446,"sku":"9781394257263","price":26.13,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/stand_34108911_0a9e70c8-43d5-4250-9be2-106e7aac7d1f.jpg?v=1746708454","url":"https:\/\/www.rarewaves.com\/products\/9781394257263-making-money-work","provider":"Rarewaves.com","version":"1.0","type":"link"}