Geoffrey Wood Livres

Challenging the belief that the banking crisis stemmed from inadequate regulation, this book argues that regulatory measures may have worsened the situation. The contributors, noted experts in finance, reveal that both statutory regulation and government policies failed, exacerbating risks and fostering an asset bubble through loose monetary policy. They advocate for targeted, non-intrusive regulatory tools to address specific banking weaknesses, making this work crucial for understanding the implications of recent financial events.

This book sets out, in straightforward, accessible terms, crucial aspects of monetary economics. It opens with an exposition of the fundamental question of what money is and what it does. Distinguished contributors then examine the key role of price stability and how to achieve it. Core issues addressed include:- -- an examination of the long run effect of money on prices -- an analysis of the complex and variable relationship between money and fluctuations in the real economy -- an investigation of inflation and its dangerous consequences -- an analysis of the effect of regulation on the stability of financial systems in developed and developing countries -- the relationship between the money supply regime and economic performance -- the effect of monetary fluctuations on the interest rate -- the choice of targets for monetary policy This book will be extremely useful to practicing economists, students and scholars of financial and monetary economics.