A Primer on Money, Banking, and Gold
A Primer on Money, Banking, and Gold is the work of one of the most recognized financial writers – Peter Bernstein. As many economists nowadays forget the fundamentals of the financial system, the author reiterates the importance of financial instruments, new areas of instability, and innovative capital market strategies that are significant to every investor. Bernstein also skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from one hand to another, and the critical role of interest rates. A Primer on Money, Banking, and Gold also tackles the author’s perspective on gold and dollar – its implication for today’s decision makers, and its impact on the future of money, banking, and gold in the world economy.
A Primer on Money, Banking, and Gold contains:
Foreword by Paul A. Volcker
New Introduction
Original Introduction
Part One The Money Problem
- Chapter 1 Why Worry about Money and Gold?
- Chapter 2 Spending and Financing
- Chapter 3 The Price of Money
Part Two The Creation of Money
- Chapter 4 Money in Hand and Money in the Bank
- Chapter 5 The Business of Banking
- Chapter 6 Bank Credit and Money
Part Three The Control of Money
- Chapter 7 The Federal Reserve System
- Chapter 8 Federal Reserve Tools of Control
- Chapter 9 Reserve Requirements
- Chapter 10 Currency: A Complication
Part Four Gold
Part Five Theory in Practice
- Chapter 13 The Experience of 1938 to 1945
- Chapter 14 The Experience of 1945 to 1963
- Chapter 15 The Experience of 1966
Appendix Reading the Weekly Federal Reserve Statement
Bibliography
Acknowledgments