The End of Finance (eBook)

MASSIMO AMATO is a Researcher in Economic History at the Università Bocconi in Milan. LUCA FANTACCI is Assistant Professor at the Università Bocconi in Milan.

Introduction

Part One: Phenomenology

I. Do we know what the financial markets are?

II. At the root of the possibility of crisis: liquidity and risk

III. What is credit?

IV. What is money?

V. Finance starting from the end

VI. Capitalism and debt: a matter of life and death

Part Two: History

I. From credit risk to liquidity risk (2008)

II. The globalization of capital (1973)

III. 'Fiat dollar'. And the world saw that it was good
(1971)

IV. The Eurodollar chimera (1958)

V. The European Payments Union (1950)

VI. Bretton Woods: the plan that might have made it (1944)

VII. Bretton Woods: the system that found implementation
(1944)

VIII. The crisis paradigm (1929)

IX. Orchestra Rehearsal

X. Money before and after the gold standard (1717)

XI. The Bank of England and power currency (1694)

XII. The International Currency of the Trade Fairs (1579)

Part Three: Politics

I. Double or quits?

II. The way out of liquidity: the Gordian knot and utopia

III. Prevention or cure? The structural paradox of the anti-crisis
policies

IV. The other finance

V. The (rare) "green shoots" of a possible reform

VI. If not now, when?

"This is an important book. It is clearly destined to become
one of the very best accounts of the financial crisis -

it is clear, concise and very readable. Its deep theoretical
understanding of the issues is combined with the best

short account of the historical evolution of the capitalist
financial system that I have encountered. The result is a

sophisticated and accessible analysis of how a better financial
system might be constructed."

- Geoffrey Ingham, University of Cambridge