Whereas the prices of individual company stocks respond rationally to unexpected news, movements in the market as a whole often do not behave in the same way. Indeed, they frequently appear perverse. Prices peak when economic news is bad; they respond only to good news when they…
Whereas the prices of individual company stocks respond rationally to unexpected news, movements in the market as a whole often do not behave in the same way. Indeed, they frequently appear perverse. Prices peak when economic news is bad; they respond only to good news when they…
Based on fieldwork among Islamic bankers globally, this book questions the equivalence between money and ethnography and asks whether money can ever be adequate to the value backing it.
Based on fieldwork among Islamic bankers globally, this book questions the equivalence between money and ethnography and asks whether money can ever be adequate to the value backing it.
Présentation de l'éditeur : "With The Monetary System, innovative author pairing Jean-Francois Serval and Jean-Pascal Tranie devise a comprehensive economic modeling system that accounts for the unprecedented situation facing international and regional economies by developing a …
L'innovation financière et le contournement des normes comptables ont entraîné la création d'une grande quantité d'argent virtuel qui remet en cause la stabilité du système monétaire international. Les auteurs montrent comment cette nouvelle monnaie a modifié les économies des p…
"By enabling the storage and transfer of purchasing power, money facilitates economic transactions and coordinates economic activity. But what is money? How is it generated? Distributed? How does money acquire value and that value change? How does money impact the economy, socie…
