Monetary Theory

Provides an alternative analysis to monetary economics based on the distinctive properties of bank money. The book examines exchange rate instability and puts forward an alternative proposal for European Monetary Union.

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Monetary Theory provides an alternative to monetary economics based on the distinctive properties of money banking. The book:
*Analyses money
*Shows that the distinction between money and income is rooted in the banking practice
*Examines exchange rate instability and financial crisis
*Puts forward an alternative proposal for European Monetary Union.