Money and Debt : : the Public Role of Banks.
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Place / Publishing House: | Cham : : Springer International Publishing AG,, 2021. ©2021. |
Year of Publication: | 2021 |
Edition: | 1st ed. |
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Stellinga, Bart. Money and Debt : the Public Role of Banks. 1st ed. Cham : Springer International Publishing AG, 2021. ©2021. 1 online resource (257 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Research for Policy Series Money and Debt: The Public Role of Banks -- Preface -- Contents -- About the Authors -- Chapter 1: Introduction -- 1.1 What Is Money? -- 1.2 What Is Debt? -- 1.3 The Importance of Trust -- 1.4 The Dynamism of the Financial Monetary System -- 1.5 Overview of the Report -- Bibliography -- Chapter 2: How Is Money Created? -- 2.1 Banks and Money Creation -- 2.1.1 Electronic Payments and Cash Withdrawals -- 2.1.2 Free Money? -- 2.2 Driving and Constraining Forces -- 2.2.1 The Role of Households and Businesses -- 2.2.2 Banks ́Balance Sheet Risks -- 2.2.2.1 Absorbing Losses - Leverage and Capital Ratios -- 2.2.2.2 Meeting Withdrawals: Liquidity Ratios and Reserve Requirements -- 2.3 Monetary Policy -- 2.3.1 Objectives and Instruments -- 2.3.2 How Monetary Policy Works in Practice -- 2.3.3 Quantitative Easing -- 2.4 Conclusion -- Bibliography -- Chapter 3: The History of Money Creation -- 3.1 Money and Finance in the Nineteenth Century -- 3.1.1 Money and Payments -- 3.1.2 Financing -- 3.1.3 Policy and Regulation -- 3.1.4 Summary: Money Creation in the Nineteenth Century -- 3.2 The Interwar Period and the Great Depression (1918-1939) -- 3.2.1 Money and Payments -- 3.2.2 Financing -- 3.2.3 Policy and Regulation -- 3.2.4 Summary: Money Creation in the Interwar Period -- 3.3 The Bretton Woods Period (1945-1973) -- 3.3.1 Money and Payments -- 3.3.2 Financing -- 3.3.3 Policy and Regulation -- 3.3.4 Summary: Money Creation in the Bretton Woods Period -- 3.4 The Pre-crisis Period (1973-2008) -- 3.4.1 Money and Payments -- 3.4.2 Financing -- 3.4.3 Policy and Regulation -- 3.4.4 Summary: Money Creation in the Pre-crisis Period -- 3.5 Conclusion -- Bibliography -- Chapter 4: An Appraisal of the Financial Monetary System -- 4.1 Economic Contribution -- 4.1.1 The Payment System -- 4.1.2 The Volume of Debt -- 4.1.3 Reducing Debt Levels -- 4.2 Stability. 4.2.1 Stability of Individual Banks -- 4.2.2 Systemic Instability -- 4.3 Fairness -- 4.3.1 The Public Costs of a Crisis -- 4.3.2 Financial Benefits for Banks -- 4.3.3 Benefits and Costs of Increased Indebtedness -- 4.4 Legitimacy and Influence -- 4.4.1 The Public-Private Nature of Financial Institutions -- 4.4.2 Options for Democratic Control -- 4.4.3 Position of Citizens -- 4.5 Conclusion -- Bibliography -- Chapter 5: How Does the Sovereign Money System Work? -- 5.1 The Payment System -- 5.1.1 Payment Accounts at Payment Institutions -- 5.1.2 Payment Accounts at the Central Bank -- 5.1.3 Conclusion -- 5.2 The Financial System -- 5.2.1 Financing Institutions Operating on the Basis of Debt -- 5.2.2 Financing Institutions Operating on the Basis of Equity Only -- 5.2.3 Private and Public Lending -- 5.3 Monetary Policy and Financial Regulation -- 5.3.1 The Creation, Allocation and Destruction of Money -- 5.3.2 Regulating the Financial System -- 5.3.3 Independence and Accountability -- 5.4 Transition to the New System -- 5.4.1 Towards a New Payment System -- 5.4.2 Towards a New Financial System -- 5.5 Conclusion -- Bibliography -- Chapter 6: Advantages and Disadvantages of the Sovereign Money System -- 6.1 Economic Contribution -- 6.1.1 The Operation of the Payment System -- 6.1.2 The Financial Systemś Procyclicality -- 6.1.3 Price and Availability of Credit -- 6.1.4 One-Off Debt Reduction -- 6.1.5 Summary -- 6.2 Stability -- 6.2.1 The Stability of Individual Institutions -- 6.2.2 Systemic Risks -- 6.2.3 Summary -- 6.3 Fairness -- 6.3.1 Abolition of Implicit and Explicit Public Support -- 6.3.2 Seigniorage -- 6.3.3 The Benefits and Costs of Debt -- 6.3.4 Summary -- 6.4 Legitimacy -- 6.4.1 The Separation of Public and Private Activities -- 6.4.2 Public Control and Democratic Oversight -- 6.4.3 The Position of Citizens -- 6.4.4 Summary -- 6.5 Other Issues. 6.5.1 The International Dimension -- 6.5.2 The Transition -- 6.5.3 Dynamics and Innovation -- 6.6 Conclusion -- Bibliography -- Chapter 7: Policies to Restore the Balance in the Current System -- 7.1 Taming the Money and Debt Cycle -- 7.1.1 Curbing the Growth of Debt -- 7.1.1.1 Macroprudential Policy -- 7.1.1.2 Tax Incentives -- 7.1.2 Policy Coherence and the Structure of the Financial Sector -- 7.1.2.1 Policy Coherence -- 7.1.2.2 Structural Measures -- 7.1.3 Preparedness for the Next Financial Crisis -- 7.1.3.1 Tightening of Banking Supervision -- 7.1.3.2 Problem Banks -- 7.1.3.3 Monetary Policy in the Next Crisis -- 7.1.3.4 Interim Conclusion -- 7.2 Balance Between Public and Private Interests -- 7.2.1 A Clearer Boundary Between Public and Private Interests -- 7.2.1.1 The Ring-Fencing of Public Activities -- 7.2.1.2 Reducing the Public Guarantee -- 7.2.1.3 Better Representation of Public Interests in the Banking Sector -- 7.2.1.4 Greater Awareness of Public Duty -- 7.2.1.5 Position of the Citizen -- 7.2.2 Interim Conclusion -- 7.3 Conclusion -- Bibliography -- Chapter 8: Conclusions and Recommendations -- 8.1 How Does Money Creation Work? -- 8.2 The Goals of the Financial Monetary System -- 8.3 Is the Sovereign Money System a Solution? -- 8.4 Two Major Challenges for the Current System -- 8.4.1 Balanced Growth of Money and Debt -- 8.4.2 Balance Between Public and Private Interests -- 8.5 Recommendations -- 8.5.1 Promote Diversity in the Financial Sector -- 8.5.2 Curb Excessive Debt Growth -- 8.5.3 Be Better Prepared for the Next Crisis -- 8.5.4 Anchor the Banks ́Public Dimension -- 8.6 Conclusion -- Bibliography -- Annexes -- Annex I: List of Experts Consulted -- Annex II: Tax Regime, Debt and Banks ́Risk Attitude -- Bibliography. Description based on publisher supplied metadata and other sources. Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. Electronic books. de Hoog, Josta. van Riel, Arthur. de Vries, Casper. Print version: Stellinga, Bart Money and Debt: the Public Role of Banks Cham : Springer International Publishing AG,c2021 9783030702496 ProQuest (Firm) https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=6637099 Click to View |
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Stellinga, Bart. |
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Stellinga, Bart. Money and Debt : the Public Role of Banks. Research for Policy Series Money and Debt: The Public Role of Banks -- Preface -- Contents -- About the Authors -- Chapter 1: Introduction -- 1.1 What Is Money? -- 1.2 What Is Debt? -- 1.3 The Importance of Trust -- 1.4 The Dynamism of the Financial Monetary System -- 1.5 Overview of the Report -- Bibliography -- Chapter 2: How Is Money Created? -- 2.1 Banks and Money Creation -- 2.1.1 Electronic Payments and Cash Withdrawals -- 2.1.2 Free Money? -- 2.2 Driving and Constraining Forces -- 2.2.1 The Role of Households and Businesses -- 2.2.2 Banks ́Balance Sheet Risks -- 2.2.2.1 Absorbing Losses - Leverage and Capital Ratios -- 2.2.2.2 Meeting Withdrawals: Liquidity Ratios and Reserve Requirements -- 2.3 Monetary Policy -- 2.3.1 Objectives and Instruments -- 2.3.2 How Monetary Policy Works in Practice -- 2.3.3 Quantitative Easing -- 2.4 Conclusion -- Bibliography -- Chapter 3: The History of Money Creation -- 3.1 Money and Finance in the Nineteenth Century -- 3.1.1 Money and Payments -- 3.1.2 Financing -- 3.1.3 Policy and Regulation -- 3.1.4 Summary: Money Creation in the Nineteenth Century -- 3.2 The Interwar Period and the Great Depression (1918-1939) -- 3.2.1 Money and Payments -- 3.2.2 Financing -- 3.2.3 Policy and Regulation -- 3.2.4 Summary: Money Creation in the Interwar Period -- 3.3 The Bretton Woods Period (1945-1973) -- 3.3.1 Money and Payments -- 3.3.2 Financing -- 3.3.3 Policy and Regulation -- 3.3.4 Summary: Money Creation in the Bretton Woods Period -- 3.4 The Pre-crisis Period (1973-2008) -- 3.4.1 Money and Payments -- 3.4.2 Financing -- 3.4.3 Policy and Regulation -- 3.4.4 Summary: Money Creation in the Pre-crisis Period -- 3.5 Conclusion -- Bibliography -- Chapter 4: An Appraisal of the Financial Monetary System -- 4.1 Economic Contribution -- 4.1.1 The Payment System -- 4.1.2 The Volume of Debt -- 4.1.3 Reducing Debt Levels -- 4.2 Stability. 4.2.1 Stability of Individual Banks -- 4.2.2 Systemic Instability -- 4.3 Fairness -- 4.3.1 The Public Costs of a Crisis -- 4.3.2 Financial Benefits for Banks -- 4.3.3 Benefits and Costs of Increased Indebtedness -- 4.4 Legitimacy and Influence -- 4.4.1 The Public-Private Nature of Financial Institutions -- 4.4.2 Options for Democratic Control -- 4.4.3 Position of Citizens -- 4.5 Conclusion -- Bibliography -- Chapter 5: How Does the Sovereign Money System Work? -- 5.1 The Payment System -- 5.1.1 Payment Accounts at Payment Institutions -- 5.1.2 Payment Accounts at the Central Bank -- 5.1.3 Conclusion -- 5.2 The Financial System -- 5.2.1 Financing Institutions Operating on the Basis of Debt -- 5.2.2 Financing Institutions Operating on the Basis of Equity Only -- 5.2.3 Private and Public Lending -- 5.3 Monetary Policy and Financial Regulation -- 5.3.1 The Creation, Allocation and Destruction of Money -- 5.3.2 Regulating the Financial System -- 5.3.3 Independence and Accountability -- 5.4 Transition to the New System -- 5.4.1 Towards a New Payment System -- 5.4.2 Towards a New Financial System -- 5.5 Conclusion -- Bibliography -- Chapter 6: Advantages and Disadvantages of the Sovereign Money System -- 6.1 Economic Contribution -- 6.1.1 The Operation of the Payment System -- 6.1.2 The Financial Systemś Procyclicality -- 6.1.3 Price and Availability of Credit -- 6.1.4 One-Off Debt Reduction -- 6.1.5 Summary -- 6.2 Stability -- 6.2.1 The Stability of Individual Institutions -- 6.2.2 Systemic Risks -- 6.2.3 Summary -- 6.3 Fairness -- 6.3.1 Abolition of Implicit and Explicit Public Support -- 6.3.2 Seigniorage -- 6.3.3 The Benefits and Costs of Debt -- 6.3.4 Summary -- 6.4 Legitimacy -- 6.4.1 The Separation of Public and Private Activities -- 6.4.2 Public Control and Democratic Oversight -- 6.4.3 The Position of Citizens -- 6.4.4 Summary -- 6.5 Other Issues. 6.5.1 The International Dimension -- 6.5.2 The Transition -- 6.5.3 Dynamics and Innovation -- 6.6 Conclusion -- Bibliography -- Chapter 7: Policies to Restore the Balance in the Current System -- 7.1 Taming the Money and Debt Cycle -- 7.1.1 Curbing the Growth of Debt -- 7.1.1.1 Macroprudential Policy -- 7.1.1.2 Tax Incentives -- 7.1.2 Policy Coherence and the Structure of the Financial Sector -- 7.1.2.1 Policy Coherence -- 7.1.2.2 Structural Measures -- 7.1.3 Preparedness for the Next Financial Crisis -- 7.1.3.1 Tightening of Banking Supervision -- 7.1.3.2 Problem Banks -- 7.1.3.3 Monetary Policy in the Next Crisis -- 7.1.3.4 Interim Conclusion -- 7.2 Balance Between Public and Private Interests -- 7.2.1 A Clearer Boundary Between Public and Private Interests -- 7.2.1.1 The Ring-Fencing of Public Activities -- 7.2.1.2 Reducing the Public Guarantee -- 7.2.1.3 Better Representation of Public Interests in the Banking Sector -- 7.2.1.4 Greater Awareness of Public Duty -- 7.2.1.5 Position of the Citizen -- 7.2.2 Interim Conclusion -- 7.3 Conclusion -- Bibliography -- Chapter 8: Conclusions and Recommendations -- 8.1 How Does Money Creation Work? -- 8.2 The Goals of the Financial Monetary System -- 8.3 Is the Sovereign Money System a Solution? -- 8.4 Two Major Challenges for the Current System -- 8.4.1 Balanced Growth of Money and Debt -- 8.4.2 Balance Between Public and Private Interests -- 8.5 Recommendations -- 8.5.1 Promote Diversity in the Financial Sector -- 8.5.2 Curb Excessive Debt Growth -- 8.5.3 Be Better Prepared for the Next Crisis -- 8.5.4 Anchor the Banks ́Public Dimension -- 8.6 Conclusion -- Bibliography -- Annexes -- Annex I: List of Experts Consulted -- Annex II: Tax Regime, Debt and Banks ́Risk Attitude -- Bibliography. |
author_facet |
Stellinga, Bart. de Hoog, Josta. van Riel, Arthur. de Vries, Casper. |
author_variant |
b s bs |
author2 |
de Hoog, Josta. van Riel, Arthur. de Vries, Casper. |
author2_variant |
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author2_role |
TeilnehmendeR TeilnehmendeR TeilnehmendeR |
author_sort |
Stellinga, Bart. |
title |
Money and Debt : the Public Role of Banks. |
title_sub |
the Public Role of Banks. |
title_full |
Money and Debt : the Public Role of Banks. |
title_fullStr |
Money and Debt : the Public Role of Banks. |
title_full_unstemmed |
Money and Debt : the Public Role of Banks. |
title_auth |
Money and Debt : the Public Role of Banks. |
title_new |
Money and Debt : |
title_sort |
money and debt : the public role of banks. |
series |
Research for Policy Series |
series2 |
Research for Policy Series |
publisher |
Springer International Publishing AG, |
publishDate |
2021 |
physical |
1 online resource (257 pages) |
edition |
1st ed. |
contents |
Money and Debt: The Public Role of Banks -- Preface -- Contents -- About the Authors -- Chapter 1: Introduction -- 1.1 What Is Money? -- 1.2 What Is Debt? -- 1.3 The Importance of Trust -- 1.4 The Dynamism of the Financial Monetary System -- 1.5 Overview of the Report -- Bibliography -- Chapter 2: How Is Money Created? -- 2.1 Banks and Money Creation -- 2.1.1 Electronic Payments and Cash Withdrawals -- 2.1.2 Free Money? -- 2.2 Driving and Constraining Forces -- 2.2.1 The Role of Households and Businesses -- 2.2.2 Banks ́Balance Sheet Risks -- 2.2.2.1 Absorbing Losses - Leverage and Capital Ratios -- 2.2.2.2 Meeting Withdrawals: Liquidity Ratios and Reserve Requirements -- 2.3 Monetary Policy -- 2.3.1 Objectives and Instruments -- 2.3.2 How Monetary Policy Works in Practice -- 2.3.3 Quantitative Easing -- 2.4 Conclusion -- Bibliography -- Chapter 3: The History of Money Creation -- 3.1 Money and Finance in the Nineteenth Century -- 3.1.1 Money and Payments -- 3.1.2 Financing -- 3.1.3 Policy and Regulation -- 3.1.4 Summary: Money Creation in the Nineteenth Century -- 3.2 The Interwar Period and the Great Depression (1918-1939) -- 3.2.1 Money and Payments -- 3.2.2 Financing -- 3.2.3 Policy and Regulation -- 3.2.4 Summary: Money Creation in the Interwar Period -- 3.3 The Bretton Woods Period (1945-1973) -- 3.3.1 Money and Payments -- 3.3.2 Financing -- 3.3.3 Policy and Regulation -- 3.3.4 Summary: Money Creation in the Bretton Woods Period -- 3.4 The Pre-crisis Period (1973-2008) -- 3.4.1 Money and Payments -- 3.4.2 Financing -- 3.4.3 Policy and Regulation -- 3.4.4 Summary: Money Creation in the Pre-crisis Period -- 3.5 Conclusion -- Bibliography -- Chapter 4: An Appraisal of the Financial Monetary System -- 4.1 Economic Contribution -- 4.1.1 The Payment System -- 4.1.2 The Volume of Debt -- 4.1.3 Reducing Debt Levels -- 4.2 Stability. 4.2.1 Stability of Individual Banks -- 4.2.2 Systemic Instability -- 4.3 Fairness -- 4.3.1 The Public Costs of a Crisis -- 4.3.2 Financial Benefits for Banks -- 4.3.3 Benefits and Costs of Increased Indebtedness -- 4.4 Legitimacy and Influence -- 4.4.1 The Public-Private Nature of Financial Institutions -- 4.4.2 Options for Democratic Control -- 4.4.3 Position of Citizens -- 4.5 Conclusion -- Bibliography -- Chapter 5: How Does the Sovereign Money System Work? -- 5.1 The Payment System -- 5.1.1 Payment Accounts at Payment Institutions -- 5.1.2 Payment Accounts at the Central Bank -- 5.1.3 Conclusion -- 5.2 The Financial System -- 5.2.1 Financing Institutions Operating on the Basis of Debt -- 5.2.2 Financing Institutions Operating on the Basis of Equity Only -- 5.2.3 Private and Public Lending -- 5.3 Monetary Policy and Financial Regulation -- 5.3.1 The Creation, Allocation and Destruction of Money -- 5.3.2 Regulating the Financial System -- 5.3.3 Independence and Accountability -- 5.4 Transition to the New System -- 5.4.1 Towards a New Payment System -- 5.4.2 Towards a New Financial System -- 5.5 Conclusion -- Bibliography -- Chapter 6: Advantages and Disadvantages of the Sovereign Money System -- 6.1 Economic Contribution -- 6.1.1 The Operation of the Payment System -- 6.1.2 The Financial Systemś Procyclicality -- 6.1.3 Price and Availability of Credit -- 6.1.4 One-Off Debt Reduction -- 6.1.5 Summary -- 6.2 Stability -- 6.2.1 The Stability of Individual Institutions -- 6.2.2 Systemic Risks -- 6.2.3 Summary -- 6.3 Fairness -- 6.3.1 Abolition of Implicit and Explicit Public Support -- 6.3.2 Seigniorage -- 6.3.3 The Benefits and Costs of Debt -- 6.3.4 Summary -- 6.4 Legitimacy -- 6.4.1 The Separation of Public and Private Activities -- 6.4.2 Public Control and Democratic Oversight -- 6.4.3 The Position of Citizens -- 6.4.4 Summary -- 6.5 Other Issues. 6.5.1 The International Dimension -- 6.5.2 The Transition -- 6.5.3 Dynamics and Innovation -- 6.6 Conclusion -- Bibliography -- Chapter 7: Policies to Restore the Balance in the Current System -- 7.1 Taming the Money and Debt Cycle -- 7.1.1 Curbing the Growth of Debt -- 7.1.1.1 Macroprudential Policy -- 7.1.1.2 Tax Incentives -- 7.1.2 Policy Coherence and the Structure of the Financial Sector -- 7.1.2.1 Policy Coherence -- 7.1.2.2 Structural Measures -- 7.1.3 Preparedness for the Next Financial Crisis -- 7.1.3.1 Tightening of Banking Supervision -- 7.1.3.2 Problem Banks -- 7.1.3.3 Monetary Policy in the Next Crisis -- 7.1.3.4 Interim Conclusion -- 7.2 Balance Between Public and Private Interests -- 7.2.1 A Clearer Boundary Between Public and Private Interests -- 7.2.1.1 The Ring-Fencing of Public Activities -- 7.2.1.2 Reducing the Public Guarantee -- 7.2.1.3 Better Representation of Public Interests in the Banking Sector -- 7.2.1.4 Greater Awareness of Public Duty -- 7.2.1.5 Position of the Citizen -- 7.2.2 Interim Conclusion -- 7.3 Conclusion -- Bibliography -- Chapter 8: Conclusions and Recommendations -- 8.1 How Does Money Creation Work? -- 8.2 The Goals of the Financial Monetary System -- 8.3 Is the Sovereign Money System a Solution? -- 8.4 Two Major Challenges for the Current System -- 8.4.1 Balanced Growth of Money and Debt -- 8.4.2 Balance Between Public and Private Interests -- 8.5 Recommendations -- 8.5.1 Promote Diversity in the Financial Sector -- 8.5.2 Curb Excessive Debt Growth -- 8.5.3 Be Better Prepared for the Next Crisis -- 8.5.4 Anchor the Banks ́Public Dimension -- 8.6 Conclusion -- Bibliography -- Annexes -- Annex I: List of Experts Consulted -- Annex II: Tax Regime, Debt and Banks ́Risk Attitude -- Bibliography. |
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<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>07200nam a22004573i 4500</leader><controlfield tag="001">5006637099</controlfield><controlfield tag="003">MiAaPQ</controlfield><controlfield tag="005">20240229073841.0</controlfield><controlfield tag="006">m o d | </controlfield><controlfield tag="007">cr cnu||||||||</controlfield><controlfield tag="008">240229s2021 xx o ||||0 eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783030702502</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9783030702496</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(MiAaPQ)5006637099</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(Au-PeEL)EBL6637099</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1257667839</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">MiAaPQ</subfield><subfield code="b">eng</subfield><subfield code="e">rda</subfield><subfield code="e">pn</subfield><subfield code="c">MiAaPQ</subfield><subfield code="d">MiAaPQ</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HD87-87.55</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Stellinga, Bart.</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Money and Debt :</subfield><subfield code="b">the Public Role of Banks.</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">1st ed.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cham :</subfield><subfield code="b">Springer International Publishing AG,</subfield><subfield code="c">2021.</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2021.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (257 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Research for Policy Series</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Money and Debt: The Public Role of Banks -- Preface -- Contents -- About the Authors -- Chapter 1: Introduction -- 1.1 What Is Money? -- 1.2 What Is Debt? -- 1.3 The Importance of Trust -- 1.4 The Dynamism of the Financial Monetary System -- 1.5 Overview of the Report -- Bibliography -- Chapter 2: How Is Money Created? -- 2.1 Banks and Money Creation -- 2.1.1 Electronic Payments and Cash Withdrawals -- 2.1.2 Free Money? -- 2.2 Driving and Constraining Forces -- 2.2.1 The Role of Households and Businesses -- 2.2.2 Banks ́Balance Sheet Risks -- 2.2.2.1 Absorbing Losses - Leverage and Capital Ratios -- 2.2.2.2 Meeting Withdrawals: Liquidity Ratios and Reserve Requirements -- 2.3 Monetary Policy -- 2.3.1 Objectives and Instruments -- 2.3.2 How Monetary Policy Works in Practice -- 2.3.3 Quantitative Easing -- 2.4 Conclusion -- Bibliography -- Chapter 3: The History of Money Creation -- 3.1 Money and Finance in the Nineteenth Century -- 3.1.1 Money and Payments -- 3.1.2 Financing -- 3.1.3 Policy and Regulation -- 3.1.4 Summary: Money Creation in the Nineteenth Century -- 3.2 The Interwar Period and the Great Depression (1918-1939) -- 3.2.1 Money and Payments -- 3.2.2 Financing -- 3.2.3 Policy and Regulation -- 3.2.4 Summary: Money Creation in the Interwar Period -- 3.3 The Bretton Woods Period (1945-1973) -- 3.3.1 Money and Payments -- 3.3.2 Financing -- 3.3.3 Policy and Regulation -- 3.3.4 Summary: Money Creation in the Bretton Woods Period -- 3.4 The Pre-crisis Period (1973-2008) -- 3.4.1 Money and Payments -- 3.4.2 Financing -- 3.4.3 Policy and Regulation -- 3.4.4 Summary: Money Creation in the Pre-crisis Period -- 3.5 Conclusion -- Bibliography -- Chapter 4: An Appraisal of the Financial Monetary System -- 4.1 Economic Contribution -- 4.1.1 The Payment System -- 4.1.2 The Volume of Debt -- 4.1.3 Reducing Debt Levels -- 4.2 Stability.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">4.2.1 Stability of Individual Banks -- 4.2.2 Systemic Instability -- 4.3 Fairness -- 4.3.1 The Public Costs of a Crisis -- 4.3.2 Financial Benefits for Banks -- 4.3.3 Benefits and Costs of Increased Indebtedness -- 4.4 Legitimacy and Influence -- 4.4.1 The Public-Private Nature of Financial Institutions -- 4.4.2 Options for Democratic Control -- 4.4.3 Position of Citizens -- 4.5 Conclusion -- Bibliography -- Chapter 5: How Does the Sovereign Money System Work? -- 5.1 The Payment System -- 5.1.1 Payment Accounts at Payment Institutions -- 5.1.2 Payment Accounts at the Central Bank -- 5.1.3 Conclusion -- 5.2 The Financial System -- 5.2.1 Financing Institutions Operating on the Basis of Debt -- 5.2.2 Financing Institutions Operating on the Basis of Equity Only -- 5.2.3 Private and Public Lending -- 5.3 Monetary Policy and Financial Regulation -- 5.3.1 The Creation, Allocation and Destruction of Money -- 5.3.2 Regulating the Financial System -- 5.3.3 Independence and Accountability -- 5.4 Transition to the New System -- 5.4.1 Towards a New Payment System -- 5.4.2 Towards a New Financial System -- 5.5 Conclusion -- Bibliography -- Chapter 6: Advantages and Disadvantages of the Sovereign Money System -- 6.1 Economic Contribution -- 6.1.1 The Operation of the Payment System -- 6.1.2 The Financial Systemś Procyclicality -- 6.1.3 Price and Availability of Credit -- 6.1.4 One-Off Debt Reduction -- 6.1.5 Summary -- 6.2 Stability -- 6.2.1 The Stability of Individual Institutions -- 6.2.2 Systemic Risks -- 6.2.3 Summary -- 6.3 Fairness -- 6.3.1 Abolition of Implicit and Explicit Public Support -- 6.3.2 Seigniorage -- 6.3.3 The Benefits and Costs of Debt -- 6.3.4 Summary -- 6.4 Legitimacy -- 6.4.1 The Separation of Public and Private Activities -- 6.4.2 Public Control and Democratic Oversight -- 6.4.3 The Position of Citizens -- 6.4.4 Summary -- 6.5 Other Issues.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">6.5.1 The International Dimension -- 6.5.2 The Transition -- 6.5.3 Dynamics and Innovation -- 6.6 Conclusion -- Bibliography -- Chapter 7: Policies to Restore the Balance in the Current System -- 7.1 Taming the Money and Debt Cycle -- 7.1.1 Curbing the Growth of Debt -- 7.1.1.1 Macroprudential Policy -- 7.1.1.2 Tax Incentives -- 7.1.2 Policy Coherence and the Structure of the Financial Sector -- 7.1.2.1 Policy Coherence -- 7.1.2.2 Structural Measures -- 7.1.3 Preparedness for the Next Financial Crisis -- 7.1.3.1 Tightening of Banking Supervision -- 7.1.3.2 Problem Banks -- 7.1.3.3 Monetary Policy in the Next Crisis -- 7.1.3.4 Interim Conclusion -- 7.2 Balance Between Public and Private Interests -- 7.2.1 A Clearer Boundary Between Public and Private Interests -- 7.2.1.1 The Ring-Fencing of Public Activities -- 7.2.1.2 Reducing the Public Guarantee -- 7.2.1.3 Better Representation of Public Interests in the Banking Sector -- 7.2.1.4 Greater Awareness of Public Duty -- 7.2.1.5 Position of the Citizen -- 7.2.2 Interim Conclusion -- 7.3 Conclusion -- Bibliography -- Chapter 8: Conclusions and Recommendations -- 8.1 How Does Money Creation Work? -- 8.2 The Goals of the Financial Monetary System -- 8.3 Is the Sovereign Money System a Solution? -- 8.4 Two Major Challenges for the Current System -- 8.4.1 Balanced Growth of Money and Debt -- 8.4.2 Balance Between Public and Private Interests -- 8.5 Recommendations -- 8.5.1 Promote Diversity in the Financial Sector -- 8.5.2 Curb Excessive Debt Growth -- 8.5.3 Be Better Prepared for the Next Crisis -- 8.5.4 Anchor the Banks ́Public Dimension -- 8.6 Conclusion -- Bibliography -- Annexes -- Annex I: List of Experts Consulted -- Annex II: Tax Regime, Debt and Banks ́Risk Attitude -- Bibliography.</subfield></datafield><datafield tag="588" ind1=" " ind2=" "><subfield code="a">Description based on publisher supplied metadata and other sources.</subfield></datafield><datafield tag="590" ind1=" " ind2=" "><subfield code="a">Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. </subfield></datafield><datafield tag="655" ind1=" " ind2="4"><subfield code="a">Electronic books.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">de Hoog, Josta.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">van Riel, Arthur.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">de Vries, Casper.</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="a">Stellinga, Bart</subfield><subfield code="t">Money and Debt: the Public Role of Banks</subfield><subfield code="d">Cham : Springer International Publishing AG,c2021</subfield><subfield code="z">9783030702496</subfield></datafield><datafield tag="797" ind1="2" ind2=" "><subfield code="a">ProQuest (Firm)</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">Research for Policy Series</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=6637099</subfield><subfield code="z">Click to View</subfield></datafield></record></collection> |