1-548e4c9865
By Eric Tymoigne
This work covers banking, central banking, macroeconomic topics, and money in a completely different way than the typical text with a focus on balance sheet: Gone is the money multiplier theory, gone in the financial intermediary theory of banks, gone is the idea that central bank control monetary aggregates, gone is the idea that finance is neutral in any range of time, and gone is the idea that nominal values are irrelevant. Preoccupations about monetary gains, solvency and liquidity are central to the dynamics of capitalism, and finance is not constrained by the amount of saving. Financial interdependence are emphasized, the “money” topic (usually just an after thought at the beginning of chapter 1) now takes three chapters and is fully integrated with the rest of the text.
The text can be downloaded here

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