Making Money Work: How to Rewrite the Rules of Our Financial System by Matt Sekerke;Steve H. Hanke; ISBN 9781394257287, 1394257287 instant download

Making Money Work: How to Rewrite the Rules of Our Financial System by Matt Sekerke;Steve H. Hanke; ISBN 9781394257287, 1394257287 instant download

In their exploration, Sekerke and Hanke solve many problems and puzzles and shed light on several important questions:

-Why economists misunderstand the structure and function of the monetary system
-The central role of the commercial banking system in fiat money regimes, and why commercial banks are not like other financial intermediaries
-The economic and regulatory constraints on bank money creation
-The interplay between banking and capital markets in funding investment projects
-How the “banks” that dominate the international financial landscape distort the lines between banking and capital markets business
-Why banking regulation and fiscal policy determine and constrain monetary policy to an equal or greater extent than central bank actions

Sekerke and Hanke trace important post-crisis policy developments and sketch the broad strokes of a new operating model that would restore the performance of the monetary system and make better use of aggregate savings:

-Making neutrality the explicit goal of monetary policy, properly understood
-Increasing the supply of bankable projects and keeping them on bank balance sheets
-Breaking the financial system's fatal attraction to land and real estate
-Reducing regulatory distortions in lending markets
-Reforming universal banking institutions and stimulating competition
-Transitioning to a quantity-based monetary policy framework

An engaging and incisive guide to the global systems of money and banking, Making Money Work is destined to become a sought-after classic for bankers, finance professionals, policymakers, regulators, academics, and laypeople with an