In the history of economic thought, monetary theories in the German-speaking world of the early modern era are considered backward compared to the approaches in other European countries. This backwardness can be shown by two authors from the middle of the 18th century, who were not only...

Contents: Part I From the 1920s to the early postwar period 1. Introduction -- 2. Banks and the quantity theory: Wicksell and Fisher -- 3. Money and banking in the process of change: Schumpeter and Robertson -- 4. Banks, debt and deflation in the Great Depression -- 5. Keynes on banks in a...

This textbook elucidates the complex interconnections between money, capital, and credit markets as well as the influence of exchange rate systems. The new edition discusses the impacts of freedom of movement for workers and current developments in the sovereign debt crisis.