Money--the new rules of the game /

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Bibliographic Details
Author / Creator:	Felber, Christian, author.
Uniform title:	Geld. Die neuen Spielregeln. English
Imprint:	Cham : Springer, [2017] ©2017
Description:	1 online resource
Language:	English
Subject:	Money. Monetary policy. Finance. Finance. Monetary policy. Money.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11384729

Hidden Bibliographic Details
Other authors / contributors:	Mathewes, Jacqueline, translator.
ISBN:	9783319673523 3319673521 9783319673530 331967353X 9783319763835 3319763830 9783319673516 3319673513
Digital file characteristics:	text file PDF
Notes:	Includes bibliographical references and index. Online resource; title from PDF title page (EBSCO, viewed November 2, 2017).
Summary:	This book advocates a holistic reform of the current monetary and financial system dealing with the issues of money creation, central banks, loans, stock markets, tax justice, pension security and the international monetary system - "Bretton Woods II". Its innovative approach presents several alternatives for each cornerstone, in addition to introducing a participatory democratic process whereby sovereign citizens can themselves determine the rules governing the new financial and monetary system. With "democratic money conventions" in each municipality, where the elements of this new money system are discussed and decided on in a participatory manner, and a federal money covenant which then elaborates a template for a referendum about the future "money constitution", a true "sovereign" could progressively convert money from a financial weapon into a democratic tool. The envisaged democratic monetary system, by providing equal opportunities for every member of society to participate in the development of the "new rules of the game", turns money progressively into a public good which increases the freedom for all. The new system furthermore drives the enhancement of constitutional and relational values such as human dignity, solidarity, justice, sustainability, or democracy. Money should serve life and should serve the common good. The "Bank for the Common Good" Project, which was initiated in Austria by the author Christian Felber, represents a practical example of his proposals.--
Other form:	Printed edition: 9783319673516
Standard no.:	10.1007/978-3-319-67352-3 10.1007/978-3-319-67

Table of Contents:

3.9 Ten Reasons for a Monetary Convention Reference ; 4 The Basis: Money as a Public Good ; 4.1 Extended Meaning of a"Public Gooda "; 4.2 Values of the Monetary System ; References ; II. The Content and Cornerstones of a Democratic Monetary System ; 5 Who Creates Money; 5.1 The National Central Bank ; 5.2 Commercial Banks ; 5.3 Companies ; 5.4 Private Individuals ; 5.5 Political Regional Authorities ; References ; 6 Sovereign Money Reform ; 6.1 Creation of Bank Money by Private Commercial Banks ; 6.2 Sovereign Money Reform
Preface: Money and democracy and an Overdue Wedding ; References ; Acknowledgements ; Contents ; 1 Introduction: A Coercitive and Intransparent Financial System ; 1.1 The Non-Holistic Evolution of the Monetary System ; 1.2 The Multi-Dysfunctionality of Our Current Monetary System ; 1.3 Regulators Wanted ; References ; I. The Process towards a New Monetary Order ; 2 Tamer Wanted: Who Will Restrain the Global Monetary and Finance System; 2.1 G20 and the Financial Stability Board (FSB) ; 2.2 International Monetary Fund (IMF)
Preface: Money and democracy â#x80;#x93; an Overdue Wedding
References
Acknowledgements
Contents
1 Introduction: A Coercitive and Intransparent Financial System
1.1 The Non-Holistic Evolution of the Monetary System
1.2 The Multi-Dysfunctionality of Our Current Monetary System
1.3 Regulators Wanted
References
I. The Process towards a New Monetary Order
2 Tamer Wanted: Who Will Restrain the Global Monetary and Finance System?
2.1 G20 and the Financial Stability Board (FSB)
2.2 International Monetary Fund (IMF)
2.3 World Trade Organization (WTO)2.4 Basel Committee on Banking Supervision
2.5 European Union
2.6 United Nations (UNO)
2.7 Independent Experts
2.7.1 Who then?
References
3 Rewriting the Rules of the Game: The Democratic Monetary Convention
3.1 Legitimation and Contextualization of the Convention
3.2 From Municipal to National Economic Convention
3.3 From Local to EU to Global Level
3.4 Local Matters
3.5 Core Subject Matters
3.6 Decision-Making Procedure
3.7 Utilization of Results
3.8 Initiated Prototypes
3.9 Ten Reasons for a Monetary ConventionReference
4 The Basis: Money as a Public Good
4.1 Extended Meaning of â#x80;#x9C;Public Goodâ#x80;#x9D;
4.2 Values of the Monetary System
References
II. The Content â#x80;#x93; Cornerstones of a Democratic Monetary System
5 Who Creates Money?
5.1 The National Central Bank
5.2 Commercial Banks
5.3 Companies
5.4 Private Individuals
5.5 Political Regional Authorities
References
6 Sovereign Money Reform
6.1 Creation of Bank Money by Private Commercial Banks
6.2 Sovereign Money Reform
6.3 Benefits of the Reform6.4 Side Note: Sovereign Money and Hundred-Percent Money
6.5 Amendment of Legislative Texts
References
7 Democratic Central Banks
7.1 Who Does the Central Bank Belong to?
7.2 Democratic Organization of the Central Bank
7.3 Objectives and Tasks of a Central Bank
7.3.1 The ECB Model
7.3.2 The Fed Model
7.3.3 The Alternative Model
7.4 Monetary Authority
References
8 Solving the Problem of Sovereign Debt
8.1 Proposal for the Reform of Sovereign Debt Financing
8.2 Benefits of the Reform for the PublicReferences
9 Bank Lending Regulations
9.1 Loans for What and for What Not?
9.1.1 Ethical Creditworthiness Appraisal
9.1.2 Speculative Financial Credit?
9.1.3 Regional Priority
References
10 Common Good Oriented Banks
10.1 Banks Are Historically Common-Good Oriented
10.2 Criticism of Bank Bailouts and the EU Banking Union
10.3 State Support Only for Common Good Banks
10.4 Common Good Orientation of Banks
10.5 Prototypes Everywhere

Money--the new rules of the game /

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