Gresham's Law

Gresham's Law

Author: John Guy

Publisher: Profile Books

Published: 2019-06-20

Total Pages: 448

ISBN-13: 1782835415

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Thomas Gresham was arguably the first true wizard of global finance. He rose through the mercantile worlds of London and Antwerp to become the hidden power behind three out of the five Tudor monarchs. Today his name is remembered in economic doctrines, in the institutions he founded and in the City of London's position at the economic centre of the earth. Without Gresham, England truly might have become a vassal state. His manoeuvring released Elizabeth from a crushing burden of debt and allowed for vital military preparations during the wars of religion that set Europe ablaze. Yet his deepest loyalties have remained enigmatic, until now. Drawing on vast new research and several startling discoveries, the great Tudor historian John Guy recreates Gresham's life and singular personality with astonishing intimacy. He reveals a calculating survivor, flexible enough to do business with merchants and potentates no matter their religious or ideological convictions. Yet his personal relationships were disturbingly transactional. He was a figure of cold unsentimentality even to members of his own family. Elizabeth I found herself at odds with Gresham's ambitions. In their collisions and wary accommodations, we see our own conflicts between national sovereignty and global capital foreshadowed. A story of adventure and jeopardy, greed and cunning, loyalties divided, mistaken or betrayed, this is a biography fit for a merchant prince.


Beyond Banks

Beyond Banks

Author: Dan Awrey

Publisher: Princeton University Press

Published: 2024-10-22

Total Pages: 304

ISBN-13: 0691245428

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How new technology is rapidly changing the nature of money and the way we pay A diverse and growing range of financial institutions and platforms—from PayPal and Venmo to WeChat, Alipay, and the brave new world of stablecoins—has harnessed new technology to disrupt the system of money and payments as we know it. Beyond Banks explains why this disruption holds out the promise of faster, cheaper, more convenient, and more secure payments, but also how it increasingly risks exposing consumers, businesses, and governments to the problem of bad money. Dan Awrey traces the origins of our current bundled system of banking, money, and payments. He explains why the problem of bad money—the result of antiquated and inadequate laws and regulation that fail to establish credible commitments to hold, transfer, or return a customer’s money on demand—requires that policymakers fundamentally rethink their approach toward the design of the laws and institutions at the heart of this system. He presents ways to effectively unbundle banking from money and payments, ensure the credibility of monetary commitments, and promote the stability of this system. Awrey also envisions a more forward-looking role for policymakers in encouraging greater technological experimentation, competition, and innovation in the realm of payments. Beyond Banks sheds critical light on the important but too often dysfunctional relationship among technology, regulation, and money, and lays the foundations for a safer, more nimble, and more inclusive system of money and payments.


Handbook of the History of Money and Currency

Handbook of the History of Money and Currency

Author: Stefano Battilossi

Publisher: Springer

Published: 2020-03-13

Total Pages: 0

ISBN-13: 9789811305955

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This handbook provides a comprehensive overview of state-of-the-art research in the field of monetary and financial history. The authors comprise different generations of leading scholars from universities worldwide. Thanks to its unrivaled breadth both in time (from antiquity to the present) and geographical coverage (from Europe to the Americas and Asia), the volume is set to become a key reference for historians, economists, and social scientists with an interest in the subject. The handbook reflects the existing variety of scholarly approaches in the field, from theoretically driven macroeconomic history to the political economy of monetary institutions and the historical evolution of monetary policies. Its thematic sections cover a wide range of topics, including the historical origins of money; money, coinage, and the state; trade, money markets, and international currencies; money and metals; monetary experiments; Asian monetary systems; exchange rate regimes; monetary integration; central banking and monetary policy; and aggregate price shocks.


Beyond Brexit

Beyond Brexit

Author: Vernon Bogdanor

Publisher: Bloomsbury Publishing

Published: 2019-02-07

Total Pages: 252

ISBN-13: 1788316800

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Entry into the European Community in 1973 was a momentous event - with seismic consequences for the politics and constitution of Britain. Discussion of Brexit, equally momentous, has been confined almost wholly to looking at the economic consequences of Britain's withdrawal from Europe. But what will happen to the constitution? Beyond Brexit looks for the first time at the impact of Brexit on our constitution - on Parliament, on the courts, on individual rights and, above all, on the question of whether the United Kingdom can be held together. Vernon Bogdanor explores the ever-changing relationship between Britain and the European Union from the original concept of European unity after 1945 to 21st-century Euroscepticism and our exit from the European Union, and explains what the future holds for our system of government and our constitution.


Beyond the BBC

Beyond the BBC

Author: Tim Madge

Publisher: Springer

Published: 1989-09-01

Total Pages: 234

ISBN-13: 1349201634

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This critical study examines the current state of broadcasting in Britain and attempts to describe the mood of broadcasters in the 1980s and the mood of the audiences they serve. A comparison is made between the operation of the UK's oldest and newest public television broadcasting systems.


Beyond the Pass

Beyond the Pass

Author: James A. Millward

Publisher: Stanford University Press

Published: 1998-06-01

Total Pages: 379

ISBN-13: 0804797927

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As analysis of the revenue available to Qing garrisons in Xinjiang reveals, imperial control over the region in the eighteenth and nineteenth centuries depended upon sizeable yearly subsidies from China. In an effort to satisfy criticism of their expansion into Xinjiang and make the territory pay for itself, the Qing court permitted local authorities great latitude in fiscal matters and encouraged the presence of Han and Chinese Muslim merchants. At the same time, the court recognized the potential for unrest posed by Chinese mercantile penetration of this Muslim, Turkic-speaking area. They consequently attempted, through administrative and legal means, to defend the native Uyghur population against economic depredation. This ethnic policy reflected a conception of the realm that was not Sinocentric, but rather placed the Uyghur on a par with Han Chinese. Both this ethnic policy and Xinjiang’s place in the realm shifted following a series of invasions from western Turkestan starting in the 1820’s. Because of the economic importance of Chinese merchants and the efficacy of merchant militia in Xinjiang, the Qing court revised its policies in their favor, for the first time allowing permanent Han settlement in the area. At the same time, the court began to advocate provincehood and the Sinicization of Xinjiang as a resolution to the perennial security problem. These shifts, the author argues, marked the beginning of a reconception of China to include Inner Asian lands and peoples—a notion that would, by the twentieth century, become a deeply held tenet of Chinese nationalism.


Mexico Beyond NAFTA

Mexico Beyond NAFTA

Author: Martin Puchet Anyul

Publisher: Routledge

Published: 2001-05-17

Total Pages: 321

ISBN-13: 113454359X

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With chapters by leading Mexican economists matched by reactions from European colleagues, this book offers a novel viewpoint on the North American Free Trade Area (NAFTA) process.


Duties Beyond Borders

Duties Beyond Borders

Author: Stanley Hoffmann

Publisher: Syracuse University Press

Published: 1981-04-01

Total Pages: 274

ISBN-13: 9780815601685

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Can moral behavior exist in a world of states? Under what conditions? Where if at all, do norms for moral behavior, considerations of right and wrong, fit int the relations between states? Drawing upon many historical examples, Stanley Hoffmann examines the complex questions of whether or not ethical action is possible in international politics and, if it is, what are the obstacles and constraints? Duties Beyond Borders tries to answer these questions and to suggest a course of “ethical politics” based on a pragmatic, realistic approach to international politics.