Notice bibliographique
- Notice
Type(s) de contenu et mode(s) de consultation : Texte noté : électronique
Auteur(s) : Serval, Jean-François
Titre(s) : The monetary system [Texte électronique] : analysis and new approaches to regulation / Jean-François Serval and Jean-Pascal Tranié
Publication : Chichester, West Sussex, United Kingdom : Wiley, 2014
Description matérielle : 1 online resource
Collection : Wiley finance series
Note(s) : Includes bibliographical references and index. - Print version record and CIP data provided by publisher.
"The authors offer an analytic approach distinguishing those financial instruments
that are freely transferable and those that can be classified as securitization and
CDS as a result of their underlying legal structure from other financial instruments
that can often be converted from one category to another. Their new aggregates M5
category encompass all instruments including cash from the Central Bank, in essence
all receivables that in counterparty relationships are recorded as debts in some balance
sheets, the M6 entry being the total of balance sheets from where the data has to
be collected to compare them with revenues. By employing derivatives of M5 and M6
they cover all underlying collateral classes thus allowing a type of comprehensive
economic modeling that no other authors have been able to propose. This text offers
insights into the present situation of slow growth, rising debts and long term low
inflation and puts forward some possible outcomes for the global economy. The authors
point out the social role of monetary contracts not only because they are grounding
exchanges as it has always been the since ever in the past but also because it's sampling
is the tool for redistribution between actors including "sectors" through taxation
and inflation and deflation and finally between generations" ; "This text provides
an in-depth analysis of the definition of money and how money operates, taking a controversial
stance in presenting the contemporary implementation of money as a social contract,
governed by laws and regulations set by our society"
Autre(s) auteur(s) : Tranié, Jean-Pascal. Fonction indéterminée
Sujet(s) : Finances
Institutions financières
Politique monétaire
Indice(s) Dewey :
339.53 (23e éd.) = Utilisation de la politique monétaire
Identifiants, prix et caractéristiques : ISBN 9781118867808
Identifiant de la notice : ark:/12148/cb446554650
Notice n° :
FRBNF44655465
(notice reprise d'un réservoir extérieur)
