The Encyclopedia of Money, 2nd edition

This book is a comprehensive introductory resource with entries covering the development of money and the functions and dysfunctions of the monetary and financial system. Money may talk, but it can sound like a foreign language. In good times, we don't question. When good times end, we scramble to make sense of it. The global economy is reeling from a string of brutal shocks; a reverse so swift and total that the financial landscape is unrecognizable. Yesterday's sound money sense is today's sheerest folly. Frightened consumers, desperate for information, are being bombarded with conflicting advice. We may be growing more confused, not less -- just when we need clarity the most. The original edition of The Encyclopedia of Money won widespread acclaim for explaining the function -- and dysfunction -- of the financial system in a language any reader could understand. Now a decade later, with a more globally integrated, market-oriented world, and with consumers trying to make sense of subprime mortgages, credit default swaps, and bank stress tests, the Encyclopedia returns in an expanded new edition. From the development of metal and paper currency to the ongoing global economic crisis, the rigorously updated The Encyclopedia of Money, Second Edition is the most authoritative, comprehensive resource on the fundamentals of money and finance available. Its 350 alphabetically organized entries -- 85 completely new to this edition -- help readers make sense of a wide range of events, policies, and regulations by explaining their historical, political, and theoretical contexts. The new edition focuses most intently on the last two decades, highlighting the connections between the onrush of globalization, the surging stock market, and various monetary and fiscal crises of the 1990s, as well as developments, scandals, and pocketbook issues making headlines today. - Publisher. "Compared to the previous edition (1999), entries in this new edition focus on more contemporary issues. Although some historical topics are still included, others have been dropped. Gone are the articles on the Augustan monetary system, Lydian coinage, and Plato. In are articles on Announcement effect, Liquidity, and Producer price index. Among the 311 entries, Allen (professor of economics, Lamar University) also provides new articles on the current economic crisis, including Credit crunch, Credit ratings, Troubled Asset Relief Program, and U.S. financial crisis of 2008-2009. Coverage is international - for example, readers will find a selection of currencies from other countries and time periods (for example, English penny, French franc, Nails). Articles on people are mostly excluded. Arranged alphabetically, entries average between one and two pages and tend to recount historical developments rather than provide in-depth theoretical analysis. For example, the two-page article Federal Reserve System describes the development of the Federal Reserve, beginning with the eighteenth-century U.S. banking system and ending with events in 2008. Reference lists to books and articles (also compiled in the bibliography) are included with each entry. High-quality black-and-white illustrations and a short glossary are also provided. In the index, listings for acronyms seem problematic. For example, the index listing for FOMC misses the main entry, while the separate index listing for Federal Open Market Committee does not. Some entries are also found in other sources, such as The New Palgrave Dictionary of Economics (2008), but other topics - such as Bank of Amsterdam and articles on hyperinflation in more than 15 other countries (for example, Hyperinflation in Zimbabwe) - will be more difficult to find. A good choice for academic and public libraries. Libraries with the earlier edition will want to update."--[Stephen Fadel, Booklist] List of Entries......Page 8 Introduction......Page 14 The Encyclopedia of Money......Page 18 A......Page 20 B......Page 32 C......Page 74 D......Page 126 E......Page 144 F......Page 156 G......Page 182 H......Page 216 I......Page 250 J......Page 268 L......Page 272 M......Page 294 N......Page 316 O......Page 322 P......Page 328 Q......Page 350 R......Page 352 S......Page 372 T......Page 416 U......Page 430 W......Page 450 Y......Page 460 Bibliography......Page 466 Glossary......Page 494 Index......Page 500 A Comprehensive Introductory Resource With Entries Covering The Development Of Money And The Functions And Dysfunctions Of The Monetary And Financial System. --from Publisher Description List Of Entries -- Preface To Second Edition -- Introduction -- The Encyclopedia -- Bibliography -- Glossary. Larry Allen. Includes Bibliographical References (p. 447-473) And Index. List of Entries 8 Introduction 14 The Encyclopedia of Money 18 A 20 B 32 C 74 D 126 E 144 F 156 G 182 H 216 I 250 J 268 L 272 M 294 N 316 O 322 P 328 Q 350 R 352 S 372 T 416 U 430 W 450 Y 460 Bibliography 466 Glossary 494 Index 500 9781598842517 Contains 350 alphabetically arranged entries that provide information on the history of currency and the monetary and financial system, and includes photographs, illustrations, a glossary, and an index