Prof. Dr AP Faure Money Creation: An Introduction Download free books at Download free eBooks at bookboon.com 2 AP Faure Money Creation: An Introduction Download free eBooks at bookboon.com 3 Money Creation: An Introduction 1 st edition © 2013 Quoin Institute (Pty) Limited & bookboon.com ISBN 978-87-403-0603-3 Download free eBooks at bookboon.com Click on the ad to read more Money Creation: An Introduction 4 Contents Contents 1 Introduction and early history 7 1.1 Learning outcomes 7 1.2 Introduction 7 1.3 Money and ination 9 1.4 Money: technical issues 12 1.5 e simplicity of money creation 14 1.6 Barter 17 1.7 Primitive money 19 1.8 Precious metal coin money 22 1.9 Money creation in the precious metal coin money age 25 1.10 Bibliography 30 2 Bank note and deposit money 31 2.1 Learning outcomes 31 2.2 Introduction 31 2.3 Bank note money 32 www.sylvania.com We do not reinvent the wheel we reinvent light. Fascinating lighting offers an infinite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges. An environment in which your expertise is in high demand. Enjoy the supportive working atmosphere within our global group and benefit from international career paths. Implement sustainable ideas in close cooperation with other specialists and contribute to influencing our future. Come and join us in reinventing light every day. Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Money Creation: An Introduction 5 Contents 2.4 Bank deposit money 41 2.5 Bank note convertibility into gold 54 2.6 Bibliography 60 3 Financial system and money market 62 3.1 Learning outcomes 62 3.2 Introduction 63 3.3 e nancial system 64 3.4 e money market 75 3.5 Money market interest rates 77 3.6 e interbank markets 84 3.7 Bibliography 95 4 Money creation: sources & fallacies 96 4.1 Learning outcomes 96 4.2 Introduction 96 4.3 Measuring money 97 4.4 Money identity: sources of money creation 101 4.5 Money creation: fallacies 112 4.6 Bibliography 125 360° thinking . © Deloitte & Touche LLP and affiliated entities. Discover the truth at www.deloitte.ca/careers