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Sergio M. Focardi

Money

What It Is, How It's Created, Who Gets It, and Why It Matters

Ebook (EPUB Format)

By enabling the storage and transfer of purchasing power, money facilitates economic transactions and coordinates economic activity. But what is money? How is it generated? Distributed? How does money acquire value and that value change? How does money impact the economy, society?This book explores money as a system of tokens that represent the purchasing power of individual agents. It looks at how money developed from debt/credit relationships, barter and coins into a system of gold-backed currencies and bank credit and on to the present system of fiat money, bank credit, near-money and, more recently, digital currencies. The author successi… Mehr

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Produktdetails


  • ISBN: 978-1-315-39104-5
  • EAN: 9781315391045
  • Produktnummer: 27162484
  • Verlag: Taylor & Francis Ltd.
  • Sprache: Englisch
  • Erscheinungsjahr: 2018
  • Seitenangabe: 202 S.
  • Plattform: EPUB
  • Masse: 2'623 KB
  • Auflage: 1. Auflage
  • Abbildungen: 19 schwarz-weiße Abbildungen, 19 schwarz-weiße Zeichnungen, 2 schwarz-weiße Tabellen

Über den Autor


Sergio M. Focardi is Professor of Finance and researcher at the Léonard de Vinci Pôle Universitaire, Paris-La Defense, France. He is a member of the editorial board of the Journal of Portfolio Management and has authored numerous articles and books on mathematical finance, including a series of monographs for the CFA Institute Research Foundation, including the recent Equity Valuation: Science, Art, or Craft?

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