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This book explores the nature of money and banking throughout their
history, and applies this to the study of financial crises. The
first part of the book covers the evolution of monetary
arrangements, money creation and the business of banking since
their earliest manifestations to the present day, showing how
changes in the business of banking led to a transformation in the
money we use. The second part of the book applies the understanding
acquired during the first part to the study of financial crises,
showing that money is taken out of circulation when bank loans are
paid back. This key insight is at the core of the mechanism that
explains financial crises, since an economy that sees its money
supply diminish is also an economy that cannot generate enough
demand for its own goods and services. Financial crises result when
bank lending slows down or comes to a halt - while outstanding bank
loans are still due for repayment. The mechanism is discussed in
detail, and the crucial role of banks highlighted. Adequate policy
measures to prevent crises, or to mitigate their effects, are then
put forward in light of this mechanism. The book will be of
interest to researchers and students of economic and financial
history, as well as those working in finance, banking and economics
more widely.
Con 5 nuevos temas, 27 nuevas cadenas de versiculos y un tamano de
letra mas grande que facilitara su lectura, la Biblia del Pescador
revisada y ampliada es una herramienta unica que esta disenada para
ayudar al lector a navegar a traves de la Palabra de Dios para casi
cualquier situacion de la vida o tema de conversacion. Presenta un
extenso indice tematico que se divide en seis secciones:
Consejeria, Devocion, Evangelismo, Iglesia, Doctrina Cristiana y
Apologetica. Disponible tanto en la RVR1960, una traduccion
tradicional y confiable, como en la Nueva Version InternacionaI,
una traduccion contemporanea y confiable de la Biblia. With 5 new
topics, 27 new chains, and a bigger font that is easier to read,
the revised and expanded Fisher of Men Bible, is a one-of-a-kind
tool that is designed to help the reader navigate through the Word
of God for almost any life situation or topic of conversation. It
features a guide that is divided into six main themes: Counseling,
Devotion, Evangelism, Church, Christian Doctrine, and Apologetics.
Available in both the RVR 1960 a traditional and trustworthy
translation and the NVI a contemporary and trustworthy translation
of the Bible.
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