"Contributions of Ludwig von Mises in the fields of money, credit, and banking, compiled by Bettina Bien Greaves": pages 281-288. Includes bibliographical references and indexes. Stabilization of the monetary unit-from the viewpoint of theory.--Monetary stabilization and cyclical policy.--The causes of the economic crisis.--Two postscripts: The Current status of business cycle research and its prospects for the immediate future. The trade cycle and credit expansion.
During the interwar years in the first half of the twentieth century, Ludwig von Mises emerged as one of the leading economic thinkers in Continental Europe. Though a general economic theorist, Mises's main contributions early in his career were in the field of monetary theory, monetary policy, and the business cycle. Prior to World War I, Mises had already published his treatise in the field, The Theory of Money and Credit (1912), which sought to integrate the teachings from value and price theory into monetary theory. In doing so, Mises built on the work of Swedish economist Knut Wicksell to construct a price theoretic explanation of the disturbances within an economic system that can result from the manipulation of money and credit.
Part 1 is a tutorial on basic economics, covering wealth, money, prices, capital, rent, labor, economic expansions and contractions, inequality, debt, credit, monetary inflation, and national debt. It details the causes and consequences of monetary inflation, and the role of central banks contributing to it. Part 2 contains a complete financial and economic history of the U. S. from 1775 to 2020, based on official reports from the U. S. Treasury, the Comptroller of the Currency, and Federal Reserve Bulletins, including: a) Growth and nature of the money supply; b) The various banking systems (First & Second Banks of the U. S., State-chartered Banks, the National Banking System, and the Federal Reserve); c) U. S. Government revenues and expenditures; d) U. S. national debt; e) Coinage; f) Banking system condition statements; g) CPI and median income from 1800 to 2020, along with a "standard of living index"; and h) A description of significant monetary and financial legislation since the adoption of the Constitution. This book also is available for free download in pdf format at the Fremont Valley Books website.
Why our addiction to debt caused the global financial crisis and is the root of our financial woes Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn’t happen because banks are too big to fail—our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth—but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money—the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumptions that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance.
Economic research monograph on banking and monetary policy in the USSR - covers foreign exchange, trade and the balance of payments, price stabilization policies, the nature of capital flows, foreign investments, financial planning, the credit system, etc. Bibliography pp. 204 to 218, diagram and references.
Identifying malpractice and misconduct should be top priority for financial risk managers today Corruption and Fraud in Financial Markets identifies potential issues surrounding all types of fraud, misconduct, price/volume manipulation and other forms of malpractice. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, bribery, false disclosure, frontrunning, options backdating, and improper execution or broker-agency relationships. Informed but corrupt traders manipulate prices in dark pools run by investment banks, using anonymous deals to move prices in their own favour, extracting value from ordinary investors time and time again. Strategies such as wash, ladder and spoofing trades are rife, even on regulated exchanges – and in unregulated cryptocurrency exchanges one can even see these manipulative quotes happening real-time in the limit order book. More generally, financial market misconduct and fraud affects about 15 percent of publicly listed companies each year and the resulting fines can devastate an organisation's budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of all these issues to help prevent you and your company from falling victim to unethical practices. Learn about the different types of corruption and fraud and where they may be hiding in your organisation Identify improper relationships and conflicts of interest before they become a problem Understand the regulations surrounding market misconduct, and how they affect your firm Prevent budget-breaking fines and other potentially catastrophic consequences Since the LIBOR scandal, many major banks have been fined billions of dollars for manipulation of prices, exchange rates and interest rates. Headline cases aside, misconduct and fraud is uncomfortably prevalent in a large number of financial firms; it can exist in a wide variety of forms, with practices in multiple departments, making self-governance complex. Corruption and Fraud in Financial Markets is a comprehensive guide to identifying and stopping potential problems before they reach the level of finable misconduct.
