Money Capital : New Monetary Principles for a More Prosperous Society.

Author
Bolton, Patrick [Browse]
Format
Book
Language
English
Εdition
1st ed.
Published/​Created
  • Princeton : Princeton University Press, 2024.
  • ©2024.
Description
1 online resource (313 pages)

Details

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No detailed description available for "Money Capital".
Source of description
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Contents
  • Cover
  • Contents
  • List of Illustrations and Tables
  • Preface
  • 1. The Poverty of Monetarism
  • 1. Monetarism as Formulated by Friedman and Schwartz
  • 2. Minsky's Critique
  • 3. Some Macroeconomic Puzzles
  • 4. Enriching the Monetarist Framework
  • 4.1 Money Is Equity
  • 4.2 Money Is Sovereignty
  • 4.3 Money Is Central Banking
  • 5. Concluding Remarks
  • 2. The Capital Structure of Nations
  • 1. A Simple, Open Monetary Economy
  • 2. The Modigliani-Miller Theorem for Nations
  • 3. Optimal Capital Structure for Nations
  • 3.1 Money Financing and Inflation Costs
  • 3.2 Debt Financing and the Cost of Default
  • 3.3 Debt Versus Equity Financing
  • 4. Debt Overhang
  • 5. Foreign-Exchange Reserve Management
  • 6. Model Predictions and Empirical Observations
  • 7. Summary
  • 3. Money, Banking, and the Lender of Last Resort
  • 1. A Closed Monetary Economy Framework
  • 1.1 Firms, Banks, and Inside Money
  • 2. No Aggregate Uncertainty
  • 2.1 Equilibrium with Scarce Investment Opportunities
  • 2.2 Equilibrium with Scarce Money
  • 3. Aggregate Uncertainty and the Bagehot Rule
  • 4. Aggregate Uncertainty and the Draghi Rule
  • 5. Moral Hazard
  • 6. Conclusion
  • Appendix
  • 4. How Did China Finance Its Growth?
  • 1. The Extraordinary Economic Development of China
  • 2. Capital Investment in China's Growth Process
  • 3. The Challenge of Raising Capital in Developing Countries
  • 4. The Problems of Centralized Credit Allocation
  • 5. Transformation of the Central Bank
  • 6. Credit Creation and the Transformation of the Banking System
  • 7. China Development Bank and Development Finance
  • 8. The Evolving Capital Market Reform and Development
  • 9. The Puzzle of China's High Monetary Growth and Low Inflation
  • 5. The Coordination of Fiscal and Monetary Policy
  • 1. Money and Sovereign Debt.
  • 2. The Institutional and Informational Frictions Affecting Fiscal and Monetary Policy
  • 2.1 Institutional and Informational Frictions
  • 2.2 The Functions of Monetary Policy
  • 2.3 The Functions of Fiscal Policy
  • 3. The Coordination of Monetary and Fiscal Policies
  • 4. Policy Dominance and How to Break It
  • 5. Case Study of the United States
  • 5.1 Before the Great Depression (Pre-1929)
  • 5.2 The Great Depression (1929-1933)
  • 5.3 World War II (1942-1945)
  • 5.4 Stagflation (1970-1981)
  • 5.5 Global Financial Crisis (2007-2009)
  • 5.6 The COVID-19 Pandemic (2020-2021)
  • 6. Case Study of China
  • 6.1 The Birth of the Centrally Planned Economy (1952-1978)
  • 6.2 Early Years of Reform and Opening Up (1978-1994)
  • 6.3 Asian Financial Crisis (1997)
  • 6.4 Global Financial Crisis (2008)
  • 6.5 Deleveraging and U.S.-China Trade Disputes (2018-2019)
  • 7. A Simple Rule for Fiscal-Monetary-Financial Policy Coordination
  • 8. Concluding Remarks
  • 6. Money and Sovereignty
  • 1. Introduction
  • 2. A Model with Two Countries
  • 3. The Special Case of One Country
  • 4. Two Countries
  • 4.1 Equilibrium with Perfect Foreign-Exchange Markets
  • 4.2 Equilibrium with Imperfect Foreign-Exchange Markets
  • 5. Monetary Union
  • 5.1 Welfare under a Monetary Union
  • 5.2 When is a Monetary Union Preferable?
  • 6. Debt Monetization and Fiscal Transfers in a Monetary Union
  • 7. Historical Perspective
  • 7.1 The Protracted Struggle toward U.S. Monetary Unification
  • 7.2 Collapse of the Gold Standard and Competitive Devaluations
  • 7.3 The Bretton Woods System and the Return of a Quasi-gold Standard
  • 7.4 The International Monetary System after the Collapse of Bretton Woods
  • 7.5 The Advent of the Euro
  • 7.6 Currency Boards and Other Forms of Monetary Union
  • 7.7 Recent Developments in the International Monetary System
  • 7.8 Digital Currencies and Sovereignty.
  • 8. Conclusion
  • 7. Taking Stock
  • Acknowledgments
  • References
  • Index.
ISBN
0-691-23237-7
OCLC
1425790772
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