{"product_id":"a-primer-on-money-banking-and-gold-peter-l-bernsteins-finance-classics-isbn-9780470287583","title":"A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)","description":"One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as \u003ci\u003eEconomist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperity\u003c\/i\u003e—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days.  \u003cp\u003eWith the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial system—its strengths as well as its weaknesses. \u003ci\u003eA Primer on Money, Banking, and Gold\u003c\/i\u003e takes you back to the beginning and sorts out all the pieces.\u003c\/p\u003e \u003cp\u003ePeter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy.\u003c\/p\u003e \u003cp\u003eThis illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.\u003c\/p\u003e \u003cp\u003eForeword by Paul A. Volcker ix\u003c\/p\u003e \u003cp\u003eNew Introduction xv\u003c\/p\u003e \u003cp\u003eOriginal Introduction xxv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One The Money Problem\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Why Worry about Money and Gold? 3\u003c\/p\u003e \u003cp\u003eChapter 2 Spending and Financing 8\u003c\/p\u003e \u003cp\u003eChapter 3 The Price of Money 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two The Creation of Money\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 Money in Hand and Money in the Bank 29\u003c\/p\u003e \u003cp\u003eChapter 5 The Business of Banking 39\u003c\/p\u003e \u003cp\u003eChapter 6 Bank Credit and Money 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three The Control of Money\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 The Federal Reserve System 69\u003c\/p\u003e \u003cp\u003eChapter 8 Federal Reserve Tools of Control 84\u003c\/p\u003e \u003cp\u003eChapter 9 Reserve Requirements 105\u003c\/p\u003e \u003cp\u003eChapter 10 Currency: A Complication 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Gold\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 11 Gold at Home 133\u003c\/p\u003e \u003cp\u003eChapter 12 Gold Abroad 142\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Theory in Practice\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 13 The Experience of 1938 to 1945 163\u003c\/p\u003e \u003cp\u003eChapter 14 The Experience of 1945 to 1963 176\u003c\/p\u003e \u003cp\u003eChapter 15 The Experience of 1966 188\u003c\/p\u003e \u003cp\u003eConclusion Money and Gold in the Future 203\u003c\/p\u003e \u003cp\u003eAppendix Reading the Weekly Federal Reserve Statement 215\u003c\/p\u003e \u003cp\u003eBibliography 227\u003c\/p\u003e \u003cp\u003eAcknowledgments 231\u003c\/p\u003e \u003cp\u003eIndex 233\u003c\/p\u003e \u003ci\u003e\"This book reveals and discusses the link that still exists between money and gold.\"\u003c\/i\u003e (Finance \u0026amp; Management Faculty, October, 2008) \u003cb\u003ePETER L. BERNSTEIN\u003c\/b\u003e is founder and President of Peter L. Bernstein, Inc., established in 1973 as publishers of \u003ci\u003eEconomics \u0026amp; Portfolio Strategy\u003c\/i\u003e and consultants to institutional investors around the world. He is also the author of ten books, including three recent volumes from Wiley—\u003ci\u003eAgainst the Gods: The Remarkable Story of Risk\u003c\/i\u003e, \u003ci\u003eThe Power of Gold: The History of an Obsession\u003c\/i\u003e, and \u003ci\u003eCapital Ideas Evolving\u003c\/i\u003e.  One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as \u003ci\u003eEconomist on Wall Street, A Primer on Money, Banking, and Gold\u003c\/i\u003e, and \u003ci\u003eThe Price of Prosperity\u003c\/i\u003eâ??which have forewords by financial luminaries and new introductions by the authorâ??you can enjoy some of the best of Bernstein in his earlier Wall Street days.\u003cbr\u003e \u003cbr\u003e   \u003cp\u003eWith the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial systemâ??its strengths as well as its weaknesses. \u003ci\u003eA Primer on Money, Banking, and Gold\u003c\/i\u003e takes you back to the beginning and sorts out all the pieces.\u003c\/p\u003e \u003cp\u003ePeter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy.\u003c\/p\u003e \u003cp\u003eThis illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988643070181,"sku":"NP9780470287583","price":19.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470287583.jpg?v=1761781089","url":"https:\/\/k12savings.com\/products\/a-primer-on-money-banking-and-gold-peter-l-bernsteins-finance-classics-isbn-9780470287583","provider":"K12savings","version":"1.0","type":"link"}