Esta edición ISBN ya no está disponible.Ver todas las copias de esta edición ISBN.
This book deals with the evolution of monetary systems. Firstly, it argues that money forms a constitutional element in any private-ownership economy, estab lishing a nominal-standard order for the market behaviour of individual agents. The market economy is basically a payment society where money structures and values economic activities, and performs itself as a market asset. The use of re sources and the production of commodities are governed by calculations in mone tary values which subordinate production and employment to the logic of asset markets. The "veil" of money cannot be withdrawn, as a matter of fact and in theoretical analysis, without changing the economic order of society. Money originates from a credit relation between market agents, thus spot payments re place intertemporal exchange. Problems of low trust and information in mutual economic relations are projected onto the money medium in a monetary economy, thereby enhancing its efficiency and dynamics. The rate of interest is not related to time; it is the price for maintaining the agents' solvency in the current period, and it determines a positive rate of return on capital and production. Secondly, the book shows that network externalities in the use of money led to monopoly solutions in the national and hegemonic leader-follower relations in the international economy.Reseña del editor:
This book shows that the use of money transforms a market economy into a payment society where production and employment are subordinated to the logic of asset markets. Monetary policy emerged out of private banking business and was always exposed to the risk of losing credibility and reputation. The stability of key currency systems was based on different policy preferences. A simple game-theoretic macro model explains the working and the downfall of the gold standard, Bretton Woods and the European Monetary System. It is shown that waning willingness to accept foreign leadership in monetary policy affairs propelled the creation of the euro.
"Sobre este título" puede pertenecer a otra edición de este libro.
Descripción Springer, 2016. Paperback. Condición: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Nº de ref. del artículo: ria9783642074837_lsuk
Descripción Springer-Verlag Berlin and Heidelberg GmbH and Co. KG, 2010. PAP. Condición: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Nº de ref. del artículo: IQ-9783642074837
Descripción Springer-Verlag Berlin and Heidelberg GmbH and Co. KG, 2010. PAP. Condición: New. New Book. Delivered from our UK warehouse in 3 to 5 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Nº de ref. del artículo: LQ-9783642074837
Descripción Springer. Condición: New. Paperback. Worldwide shipping. FREE fast shipping inside USA (express 2-3 day delivery also available). Tracking service included. Ships from United States of America. Nº de ref. del artículo: 3642074839
Descripción Springer, 2010. Paperback. Condición: New. Softcover reprint of hardcover 1. Nº de ref. del artículo: DADAX3642074839
Descripción Springer, 2010. Paperback. Condición: NEW. 9783642074837 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Nº de ref. del artículo: HTANDREE0350002
Descripción Springer Berlin Heidelberg 2010-11-30, Berlin, 2010. paperback. Condición: New. Nº de ref. del artículo: 9783642074837
Descripción Springer, 2010. Paperback. Condición: New. Nº de ref. del artículo: INGM9783642074837
Descripción Springer, 2010. Condición: New. This item is printed on demand for shipment within 3 working days. Nº de ref. del artículo: LP9783642074837
Descripción Springer Verlag, 2001. Paperback. Condición: Brand New. softcover reprint of hardcover 1st ed. 2001 edition. 229 pages. 9.25x6.25x0.50 inches. In Stock. Nº de ref. del artículo: z-3642074839