This book presents contributions by leading academics and practitioners from central banks to shed light on the function and impact of cash in Asian countries. It explores the impact of cash on society, the role of cash in monetary policy, and the future of cash in various monetary systems,...

East Asia's Monetary Future is an illuminating and valuable work which uniquely focuses on a long-term monetary view of the region. There are multiple and varied future scenarios which can be applied to this region--an enlarged Singapore-Brunei currency area, a greater China monetary bloc and...

The money supply in historical perspective -- Beyond monetary policy -- The development of a specie standard -- The U.S. banks and antebellum panics -- Greenbacks, gold, and silver purchases -- The national banking system -- Reform proposals and legislation -- The early Federal Reserve -- The...

Contents: Introduction / Gerald Epstein -- Part I. Finance, macroeconomic policy and central banking: from Volcker to Trump -- 1. 'Domestic stagflation and monetary policy: The Federal Reserve and the hidden election' / in Thomas Ferguson and Joel Rogers (eds), the hidden election: Politics and...

Introduction -- Commodity money -- Fiat money and international law -- The inflation-output conundrum -- Currency substitution and management -- Financial crises and money managements -- Exchange rates as monetary policy tool -- Intervention in foreign exchange markets and the future of money --...