MoneyCreation:AnIntroduction
Prof.DrAPFaure
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AP Faure
Money Creation: An Introduction
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Money Creation: An Introduction
1st edition
© 2013 Quoin Institute (Pty) Limited & bookboon.com
ISBN 978-87-403-0603-3
3
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Money Creation: An Introduction
Contents
Contents
1
Introduction and early history
7
1.1
Learning outcomes
7
1.2
Introduction
7
1.3
Money and inlation
9
1.4
Money: technical issues
12
1.5
he simplicity of money creation
14
1.6
Barter
17
1.7
Primitive money
19
1.8
Precious metal coin money
22
1.9
Money creation in the precious metal coin money age
25
1.10
Bibliography
30
2
Bank note and deposit money
31
2.1
Learning outcomes
31
2.2
Introduction
31
2.3
Bank note money
32
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Money Creation: An Introduction
Contents
2.4
Bank deposit money
41
2.5
Bank note convertibility into gold
54
2.6
Bibliography
60
3
Financial system and money market
62
3.1
Learning outcomes
62
3.2
Introduction
63
3.3
he inancial system
64
3.4
he money market
75
3.5
Money market interest rates
77
3.6
he interbank markets
84
3.7
Bibliography
95
4
Money creation: sources & fallacies
96
4.1
Learning outcomes
96
4.2
Introduction
96
4.3
Measuring money
97
4.4
Money identity: sources of money creation
101
4.5
Money creation: fallacies
112
4.6
Bibliography
125
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