Where Does Money Come From?: A Guide to the UK Monetary & Banking System - Hardcover

Josh Ryan-Collins

Hardcover

ISBN 10: 1908506547 ISBN 13: 9781908506542

Publisher: New Economics Foundation, 2014

Synopsis

Where Does Money Come From? reveals how, contrary to public perception, the bulk of today's money supply is created and allocated by commercial banks in their role as providers of credit. The authors argue that this system is inherently unstable, with little effective regulation of how much credit is provided, or whether it is used for productive or speculative purposes. Based on detailed research and consultation with experts, including from the Bank of England, Where Does Money Come From? reviews theoretical and historical debates on the nature of money and banking and explains the role ofÊthe central bank, the Government and the European Union. This second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe.

About this title

About the Author

JOSH RYAN-COLLINS is a Senior Researcher at nef (the new economics foundation) where he is leading a programme of research on the history and practice of monetary systems. He is studying for a PhD in finance at the University of Southampton. TONY GREENHAM is Head of Finance and Business at nef. He is a former investment banker, a Chartered Accountant and regular writer and media commentator on banking reform. PROFESSOR RICHARD WERNER is Director of the Centre for Banking, Finance and Sustainable Development at the University of Southampton and author of two best-selling books on banking and economics. He is credited with popularising the term 'quantitative easing' in 1994 whilst Chief Economist at Jardine Fleming Securities (Asia), following a spell as visiting research fellow at the Japanese Central Bank. ANDREW JACKSON contributed to this book after graduating from the University of Sussex with an MSc in Development Economics. He is currently studying for a PhD in finance at the University of Southampton. JOSH RYAN-COLLINS is a Senior Researcher at nef (the new economics foundation) where he is leading a programme of research on the history and practice of monetary systems. He is studying for a PhD in finance at the University of Southampton. TONY GREENHAM is Head of Finance and Business at nef. He is a former investment banker, a Chartered Accountant and regular writer and media commentator on banking reform. PROFESSOR RICHARD WERNER is Director of the Centre for Banking, Finance and Sustainable Development at the University of Southampton and author of two best-selling books on banking and economics. He is credited with popularising the term 'quantitative easing' in 1994 whilst Chief Economist at Jardine Fleming Securities (Asia), following a spell as visiting research fellow at the Japanese Central Bank. ANDREW JACKSON contributed to this book after graduating from the University of Sussex with an MSc in Development Economics. He is currently studying for a PhD in finance at the University of Southampton.

Edition details

• Publisher: New Economics Foundation
• Publication date: 2014
• Language: English
• ISBN 10: 1908506547
• ISBN 13: 9781908506542
• Binding: Hardcover
• Edition number: 2
• Number of pages: 186