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020			_a9780691232225
037			_cTextual
040			_aRTL _cRTL
084			_qRTL
100			_aBolton, Patrick _9859295
245			_aMoney capital: New monetary principles for a more prosperous society
260			_aPrinceton _bPrinceton University Press _c2024
300			_axviii, 289 p. _bIncludes bibliographical reference and index
520			_aA conventional economic theory, monetarism, holds that inflation is a monetary phenomenon driven by changes in the supply of money. Yet recent experience—including the aftermath of the financial crisis of 2008 and the economic development of China—contradicts this basic prediction. In this book, leading economists Patrick Bolton and Haizhou Huang offer a novel perspective, viewing monetary economics through the lens of corporate finance. They propose a rich theory of money supply where money can be seen as the equity capital of a nation, playing a similar role as stocks for a company. This innovative framework integrates the real and monetary sides of the economy, with a banking sector and debt at its core.
700			_ahuang, Haizhou _eCo-author _9859296
942			_2CC _n0 _cTEXL
999			_c1466503 _d1466503