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Money and Banking Part 8: The Global Financial System
The modern economy is highly globalized. Goods, services, and capital can flow between countries in a highly efficient manner. The price of a country’s currency […]
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Money and Banking Part 7: Interest Rates
Money is a commodity like any other and like other commodities, money can be lent by those with a surplus to those with a deficit. […]
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Money and Banking Part 6: Money and Prices
In a market economy, prices play a leading role in allocating scarce resources. Prices fulfill this function by conveying information to buyers and sellers about […]
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Money and Banking Part 5: Monetary Policy
In this post, we discuss monetary policy and the role that central banks play in a modern economy. Although our focus is primarily on the […]
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Money and Banking Part 4: Fractional Reserve Banking and Money Creation
In part 1 of this blog series, I referenced the famous bank run scene in the movie It’s a Wonderful Life. In the scene, a […]
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Money and Banking Part 3: The Evolution of the U.S. Monetary System
In this post, we provide a brief overview of the history of the U.S. monetary system and track its evolution towards our current monetary system. […]
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Money and Banking Part 2: Defining Money
In part 1 of this series, I discussed the bank run scene in the movie It’s a Wonderful Life. In the scene, the depositors at […]
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Money and Banking Part 1: Introduction
In 2018, I put together a small booklet titled An Introduction to Money and Banking which I gave out to friends, potential clients, and anyone […]
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