Encyclopedia of Money

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.