@article{1445540,
      recid = {1445540},
      author = {Ángeles, Luis,},
      title = {Money matters : how money and banks evolved, and why we  have financial crises /},
      pages = {1 online resource (xiv, 147 pages : illustrations (some  color)).},
      abstract = {This book explores the nature of money and banking  throughout their history, and applies this to the study of  financial crises. The first part of the book covers the  evolution of monetary arrangements, money creation and the  business of banking since their earliest manifestations to  the present day, showing how changes in the business of  banking led to a transformation in the money we use. The  second part of the book applies the understanding acquired  during the first part to the study of financial crises,  showing that money is taken out of circulation when bank  loans are paid back. This key insight is at the core of the  mechanism that explains financial crises, since an economy  that sees its money supply diminish is also an economy that  cannot generate enough demand for its own goods and  services. Financial crises result when bank lending slows  down or comes to a halt--while outstanding bank loans are  still due for repayment. The mechanism is discussed in  detail, and the crucial role of banks highlighted. Adequate  policy measures to prevent crises, or to mitigate their  effects, are then put forward in light of this mechanism.  The book will be of interest to researchers and students of  economic and financial history, as well as those working in  finance, banking and economics more widely. Luis Angeles is  Professor of Economics at the Adam Smith Business School of  the University of Glasgow, United Kingdom. He has published  work in economic history, economic development, and banking  and financial topics. His work has appeared in academic  journals such as the Economic History Review, Explorations  in Economic History, the Journal of Development Economics,  the European Economic Review, Economica, Kyklos, and more.},
      url = {http://library.usi.edu/record/1445540},
      doi = {https://doi.org/10.1007/978-3-030-95516-8},
}