Modern Money Mechanics
Publisher: Federal Reserve 2008
Number of pages: 50
The purpose of this booklet is to describe the basic process of money creation in a 'fractional reserve' banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States.
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by Joseph Huber, James Robertson - New Economics Foundation
In the information age, money has mainly become information, electronically stored and transmitted. The authors propose a simple reform of monetary policies, and spell out its practicalities step-by-step. The arguments for it are very strong.
by Ludwig von Mises - Yale University Press
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The essays in this book consider the implications of the information revolution for financial innovation and the future of money; the regulatory climate; the impact of e-money on taxation and monetary policy; the problem of maintaining privacy; etc.
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