{"product_id":"making-money-work-matt-sekerke-9781394257263","title":"Making Money Work: How to Rewrite the Rules of Our Financial System","description":"\u003cp\u003e\u003cb\u003eThe Global Financial Crisis broke the monetary system. Here's how to fix it.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eMaking Money Work: How to Rewrite the Rules of Our Financial System, \u003c\/i\u003e Matt Sekerke and Steve H. Hanke deliver a rigorous and fascinating exploration of the monetary economy. You'll find a detailed and clear roadmap of how and why fiat money is created and destroyed, its connections to the broader economy, and the objective mechanisms that underwrite and maintain its value. \u003c\/p\u003e\u003cp\u003eSekerke and Hanke trace important post-crisis policy developments and sketch the broad strokes of a new operating model that would restore the performance of the monetary system and make better use of aggregate savings: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eWhy economists misunderstand the structure and function of the monetary system\u003c\/li\u003e \u003cli\u003eThe central role of the commercial banking system in fiat money regimes, and why commercial banks are not like other financial intermediaries\u003c\/li\u003e \u003cli\u003eThe economic and regulatory constraints on bank money creation\u003c\/li\u003e \u003cli\u003eThe interplay between banking and capital markets in funding investment projects\u003c\/li\u003e \u003cli\u003eHow the \"banks\" that dominate the international financial landscape distort the lines between banking and capital markets business\u003c\/li\u003e \u003cli\u003eWhy banking regulation and fiscal policy determine and constrain monetary policy to an equal or greater extent than central bank actions\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eSekerke and Hanke trace important post-crisis policy developments and sketch the broad strokes of a new operating model that would restore the performance of the monetary system and make better use of aggregate savings: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eMaking neutrality the explicit goal of monetary policy, properly understood\u003c\/li\u003e \u003cli\u003eIncreasing the supply of bankable projects and keeping them on bank balance sheets\u003c\/li\u003e \u003cli\u003eBreaking the financial system's fatal attraction to land and real estate\u003c\/li\u003e \u003cli\u003eReducing regulatory distortions in lending markets\u003c\/li\u003e \u003cli\u003eReforming universal banking institutions and stimulating competition\u003c\/li\u003e \u003cli\u003eTransitioning to a quantity-based monetary policy framework\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAn engaging and incisive guide to the global systems of money and banking, \u003ci\u003eMaking Money Work\u003c\/i\u003e is destined to become a sought-after classic for bankers, finance professionals, policymakers, regulators, academics, and laypeople with an interest in money and banking.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Matt Sekerke, Steve H. Hanke\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1394257260\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781394257263\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 04\/29\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 256\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003c\/p\u003e","brand":"Matt Sekerke","offers":[{"title":"Hardcover","offer_id":46546121720063,"sku":"9781394257263","price":34.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_1c329fdf-9da9-4d7b-9334-c08bed853e38.jpg?v=1738184179","url":"https:\/\/www.whiterainbookhouse.com\/products\/making-money-work-matt-sekerke-9781394257263","provider":"WR Book House","version":"1.0","type":"link"}