{"product_id":"fiat-money-and-banking-a-blueprint-for-reform-9781394257263","title":"Fiat Money and Banking: A Blueprint for Reform","description":"\u003cp\u003e • Author(s): Stephen Hanke\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Money \u0026amp; Monetary Policy\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe Global Financial Crisis broke the monetary system. Here's how to fix it.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eMaking Money Work: How to Rewrite the Rules of Our Financial System,\u003c\/i\u003e Matt Sekerke and Steve H. Hanke deliver a rigorous and fascinating exploration of the monetary economy. You'll find a detailed and clear roadmap of how and why fiat money is created and destroyed, its connections to the broader economy, and the objective mechanisms that underwrite and maintain its value. \u003c\/p\u003e\u003cp\u003eSekerke 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:  *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  \u003c\/p\u003e\u003cp\u003eSekerke 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  \u003c\/p\u003e\u003cp\u003eAn engaging and incisive guide to the global systems of money and banking, \u003ci\u003eMaking Money Work\u003c\/i\u003e is destined to become a sought-after classic for bankers, finance professionals, policymakers, regulators, academics, and laypeople with an interest in money and banking.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45201414160535,"sku":"9781394257263","price":2209.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781394257263.webp?v=1769207793","url":"https:\/\/atlanticbooks.com\/products\/fiat-money-and-banking-a-blueprint-for-reform-9781394257263","provider":"Atlantic Books","version":"1.0","type":"link"}