Money and Payments in Theory and Practice

By Sergio Rossi

© 2007 – Routledge

168 pages | 24 B/W Illus.

Purchasing Options:
Paperback: 9781138806207
pub: 2015-02-08
US Dollars$54.95
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Hardback: 9780415373371
pub: 2007-02-28
US Dollars$160.00
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About the Book

International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation.

Departing from conventionally held beliefs, Sergio Rossi sets off from a positive analysis of the logical origin of money, which is the essential principle of double-entry book-keeping through which banks record all debts and credits for further reference and settlement and provides theoretical and empirical advances in explaining money endogeneity for the investigation of contemporary domestic and international monetary issues.

Showing that both money and banking have profound implications for real economic activities, this innovative work is essential reading, not only for scholars in monetary economics, but also for professionals concerned with monetary policy and payments system issues.

Table of Contents

Introduction 1. Money and Credit 2. Banks and Payments 3. The Central Bank and the State 4. International Settlement Systems 5. Monetary Policy Strategies

About the Series

Routledge International Studies in Money and Banking

This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS027000
BUSINESS & ECONOMICS / Finance
BUS035000
BUSINESS & ECONOMICS / International / General