Money And Banking Without Public Debt

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Money and Banking Without Public Debt

Author : Michael Schemmann
Publisher : CreateSpace
ISBN 13 : 9781456574017
Total Pages : 68 pages
Book Rating : 4.5/5 (74 download)

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Book Synopsis Money and Banking Without Public Debt by : Michael Schemmann

Download or read book Money and Banking Without Public Debt written by Michael Schemmann and published by CreateSpace. This book was released on 2011-01-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: In my opinion, the United States is facing monetary reform within the lifetime of most of its citizens, because the world is not able to continue to carry its public debt. Europe, too, is over-burdened. The old remedy of growth, expansion of the money supply, and resulting inflation has run its course. To devalue the dollar further to five cents and then one cent of its 1950 purchasing power would result in an exponential decline not even seen in South America. The monetary reform can be along the lines of the American Colm-Dodge-Goldsmith Plan imposed by the U.S. Military government on Germany in 1946 (implemented in 1958), with the significant difference that the U.S. productive capacity, the level of employment though lower than desired, and its infrastructure are intact. What needs to be fixed is the $15 trillion national debt, the staggering unfunded liabilities of $113 trillion, and the banking system. Quasi money is not even acceptable to the banks themselves and must be eliminated by putting deposits under a near 100% liquidity cover of federal funds, eliminating the national debt in the wash-up. A conversion of old currency into new may be necessary given the enormity of the unfunded liabilities of nearly ten times GDP, which are growing exponentially and coming home to roost. The tax system needs to be overhauled so that to meet the burden without killing the economy. The national debt itself, can be redeemed as outlined in my booklet, "Money in Crisis," 2nd edition, by repaying the debt with redemption certificates while increasing banks' reserve requirements, so that the redemption receipts cannot be booked as deposits and increase the money supply, but, for example, as capital subscriptions, which is preferable to outright U.S. national debt repudiation, because the U.S. national debt cannot be repaid with taxes; it is at the point of no return.

From Banking to Sovereign Stress - Implications For Public Debt

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498342434
Total Pages : 88 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis From Banking to Sovereign Stress - Implications For Public Debt by : International Monetary Fund

Download or read book From Banking to Sovereign Stress - Implications For Public Debt written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-12-22 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including how they affect the extent of fiscal costs of banking crises when those occur. It then proposes practices and policies for the fiscal authorities to help manage the risks and enhance crisis preparedness.

The Demand for Base Money and the Sustainability of Public Debt

Author : Valeriano F. García
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Demand for Base Money and the Sustainability of Public Debt by : Valeriano F. García

Download or read book The Demand for Base Money and the Sustainability of Public Debt written by Valeriano F. García and published by World Bank Publications. This book was released on 1997 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money and Debt: The Public Role of Banks

Author : Bart Stellinga
Publisher : Springer Nature
ISBN 13 : 3030702502
Total Pages : 257 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Money and Debt: The Public Role of Banks by : Bart Stellinga

Download or read book Money and Debt: The Public Role of Banks written by Bart Stellinga and published by Springer Nature. This book was released on 2021 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Open Access book from the Netherlands Scientific Council for Government Policy explains how money creation and banking works, describes the main problems of the current monetary and financial system and discusses several reform options. This book systematically evaluates proposals for fundamental monetary reform, including ideas to separate money and credit by breaking up banks, introducing a central bank digital currency, and introducing public payment banks. By drawing on these plans, the authors suggest several concrete reforms to the current banking system with the aim to ensure that the monetary system remains stable, contributes to the Dutch economy, fairly distributes benefits, costs and risks, and enjoys public legitimacy. This systematic approach, and the accessible way in which the book is written, allows specialized and non-specialised readers to understand the intricacies of money, banking, monetary reform and financial innovation, far beyond the Dutch context [Resumen de la editorial]

The Venetian Money Market

Author : Reinhold C. Mueller
Publisher : JHU Press
ISBN 13 : 1421431424
Total Pages : 583 pages
Book Rating : 4.4/5 (214 download)

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Book Synopsis The Venetian Money Market by : Reinhold C. Mueller

Download or read book The Venetian Money Market written by Reinhold C. Mueller and published by JHU Press. This book was released on 2019-12-01 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: The long awaited conclusion to the magisterial Money and Banking in Medieval and Renaissance Venice. Originally published in 1997. In 1985 Frederic C. Lane and Reinhold C. Mueller published the magisterial Money and Banking in Medieval and Renaissance Venice, volume 1: Coins and Moneys of Account. Now, after ten years of further research and writing, Reinhold Mueller completes the work that he and the late Frederic Lane began. The history of money and banking in Venice is crucial to an understanding of European economic history. Because of its strategic location between East and West, Venice rapidly rose to a position of preeminence in Mediterranean trade. To keep trade moving from London to Constantinople and beyond, Venetian merchants and bankers created specialized financial institutions to serve private entrepreneurs and public administrators: deposit banks, foreign exchange banks, a grain office, and a bureau of the public debt. This new book clarifies Venice's pivotal role in Italian and international banking and finance. It also sets banking—and panics—in the context of more generalized and recurrent crises involving territorial wars, competition for markets, and debates over interest rates and the question of usury.

Where Does Money Come From?

Author : Josh Ryan-Collins
Publisher :
ISBN 13 : 9781908506542
Total Pages : 186 pages
Book Rating : 4.5/5 (65 download)

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Book Synopsis Where Does Money Come From? by : Josh Ryan-Collins

Download or read book Where Does Money Come From? written by Josh Ryan-Collins and published by . This book was released on 2014-01-31 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on detailed research and consultation with experts, including the Bank of England, this book reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. Following a sell out first edition and reprint, this second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe.

Practical Information Concerning the Public Debt of the United States

Author : William Adams Richardson
Publisher : University of Michigan Library
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.R/5 ( download)

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Book Synopsis Practical Information Concerning the Public Debt of the United States by : William Adams Richardson

Download or read book Practical Information Concerning the Public Debt of the United States written by William Adams Richardson and published by University of Michigan Library. This book was released on 1873 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Practical Information Concerning the Public Debt of the United States

Author : William Adams Richardson
Publisher :
ISBN 13 :
Total Pages : 210 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Practical Information Concerning the Public Debt of the United States by : William Adams Richardson

Download or read book Practical Information Concerning the Public Debt of the United States written by William Adams Richardson and published by . This book was released on 1872 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy and the Management of the Public Debt

Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Monetary Policy and the Management of the Public Debt by : United States. Congress. Joint Economic Committee

Download or read book Monetary Policy and the Management of the Public Debt written by United States. Congress. Joint Economic Committee and published by . This book was released on 1952 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Guidelines for Public Debt Management -- Amended

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 149832892X
Total Pages : 39 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Guidelines for Public Debt Management -- Amended by : International Monetary Fund

Download or read book Guidelines for Public Debt Management -- Amended written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-09-12 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

The Public Debt, the Currency, Specie Payments, and National Banks

Author : William L. Hodge
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis The Public Debt, the Currency, Specie Payments, and National Banks by : William L. Hodge

Download or read book The Public Debt, the Currency, Specie Payments, and National Banks written by William L. Hodge and published by . This book was released on 1867 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

100% Money and the Public Debt

Author : Irving Fisher
Publisher : Createspace Independent Pub
ISBN 13 : 9781449590291
Total Pages : 26 pages
Book Rating : 4.5/5 (92 download)

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Book Synopsis 100% Money and the Public Debt by : Irving Fisher

Download or read book 100% Money and the Public Debt written by Irving Fisher and published by Createspace Independent Pub. This book was released on 2009-11-09 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Article by Irving Fisher (1936), Professor Emeritus of Economics, Yale University, urges Congress to take back the Constitutional money power, redeem the national debt, require banks' demand deposit to be 100% liquid, to avoiding an inelastic loan structure that bursts, leaving frozen loans behind, and avoid 'Global Financial Crises'. Includes a brief biography of Irving Fisher.

The Federal Reserve System Purposes and Functions

Author : Board of Governors of the Federal Reserve System
Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)

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Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Global Waves of Debt

Author : M. Ayhan Kose
Publisher : World Bank Publications
ISBN 13 : 1464815453
Total Pages : 403 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Waves of Debt by : M. Ayhan Kose

Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

The Chicago Plan Revisited

Author : Mr.Jaromir Benes
Publisher : International Monetary Fund
ISBN 13 : 1475505523
Total Pages : 71 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The Chicago Plan Revisited by : Mr.Jaromir Benes

Download or read book The Chicago Plan Revisited written by Mr.Jaromir Benes and published by International Monetary Fund. This book was released on 2012-08-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.

Central Banking Without Central Bank Money

Author : Mr.Alain Ize
Publisher : International Monetary Fund
ISBN 13 : 145185157X
Total Pages : 43 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Central Banking Without Central Bank Money by : Mr.Alain Ize

Download or read book Central Banking Without Central Bank Money written by Mr.Alain Ize and published by International Monetary Fund. This book was released on 1999-07-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the rapidly declining demand for central bank reserves and their gradual replacement in wholesale payments by alternative forms of money—clearinghouse moneyand treasury money—this paper discusses whether the complete extinction of base money could undermine monetary control. It argues that such concerns are misplaced since central banks can target interest rates and inflation even in the absence of base money. The paper explores implications for current and future central banking, including monetary and foreign exchange operations, lender of last resort, coordination between public debt and monetary management, and design of operating rules in currency boards.

The Volatility Machine

Author : Michael Pettis
Publisher : Oxford University Press, USA
ISBN 13 : 9780195143300
Total Pages : 272 pages
Book Rating : 4.1/5 (433 download)

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Book Synopsis The Volatility Machine by : Michael Pettis

Download or read book The Volatility Machine written by Michael Pettis and published by Oxford University Press, USA. This book was released on 2001 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. Pettis combines the insights of economic history, economic theory, and finance theory into a comprehensive model for understanding sovereign liability management and the causes of financial crises. He examines recent financial crises in emerging market countries along with the history of international lending since the 1820s to argue that the process of international lending is driven primarily by external events and not by local politics and/or economic policies. He draws out the corporate finance implications of this approach to argue that most of the current analyses of the recent financial crises suffered by Latin America, Asia, and Russia have largely missed the point. He then develops a sovereign finance model, analogous to corporate finance, to understand the capital structure needs of emerging market countries. Using this model, he finally puts into perspective the recent crises, a new sovereign liability management theory, the implications of the model for sovereign debt restructurings, and the new financial architecture. Bridging the gap between finance specialists and traders, on the one hand, and economists and policy-makers on the other, The Volatility Machine is critical reading for anyone interested in where the international economy is going over the next several years.