International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation.Departing from conventionally held beliefs, Serg

Introduction 1. Money and Credit 2. Banks and Payments 3. The Central Bank and the State 4. International Settlement Systems 5. Monetary Policy Strategies