Читать книгу NoNonsense The Money Crisis - Peter Stalker - Страница 7

Contents

Foreword by Walden Bello

Introduction

1 What is money?

The creation of cash

A brief history of money

From barter and tally sticks to the introduction of coins

Pounds to pesos to dollars

Peculiar kinds of currency

2 The creation of banks

The making of modern banking

The first banknotes

Central banks, interest rates and inflation

Assets, solvency and liquidity

Who polices the banks?

3 Banks of all shapes and sizes

Local mutuals and global behemoths

Why investment banks are different beasts

Offshore operations and tax havens

The special qualities of Islamic finance

Lending to the poor – microfinance

4 Stocks, bonds and dodgy deals

How stock markets work

Government bonds and national debt

From derivatives to credit default swaps

Hedge funds and private-equity firms

What exactly are sovereign wealth funds?

5 Dollars without borders

The value of currencies

Enter the speculators

How to manage a currency crisis

Monetary unions and dollarization

Foreign-exchange reserves shift to Asia

6 The 2008 crash: debt-driven disaster

Financial bubbles and crazy loans

The credit crunch and how it arose

Meltdown and the world’s response

How quantitative easing works

Public debt and the eurozone crisis

7 How to get our money back

Taking back control of money creation

How 100-per-cent reserve banking would work

The idea of sovereign money

Why we should tax transactions

Closing the tax havens

Index