The Monetary System
The recent global financial crisis raised still-lingering questions on how to balance actions based on short-term decision making against the uncertainty of impending long-term change in the economic environment. The Monetary System outlines the conceptual basis required to build a new and more stable financial system, paving the way for a fiscal policy model that places emphasis on rotation rather than on inventories of financial instruments that would result in improved tax policies. In this important text, Jean-François Serval and Jean-Pascal Tranié explore the historical context of money and reveal how transactions work in today's global economic environment. The Monetary System is a compelling work that answers a number of key questions about our current financial situation: What underpinning of democratic society facilitated a transition to the economic realities of today? What were the major drivers that characterised the current economic impasse? How can one forecast future trends? What can be done to "fix" the present economic system? Based on exhaustive research, the book offers an overview to the present economic situation throughout the world that is defined by slow growth, rising debts, and low inflation. The authors envision a healthy economic future and put forward a new model for the global economy. The Monetary System is a comprehensive resource that gives banking professionals, as well as others interested in the topic, keen insight into our current economic situation and offers an understanding of the factors that can help shape a sound financial future.