Encyclopedia of Money, 2nd Edition

A comprehensive introductory resource with entries covering the development of money and the functions and dysfunctions of the monetary and financial system.The original edition of The Encyclopedia of Money won widespread acclaim for explaining the function—and dysfunction—of the financial system in a language any reader could understand. Now a decade later, with a more globally integrated, market-oriented world, and with consumers trying to make sense of subprime mortgages, credit default swaps, and bank stress tests, the Encyclopedia returns in an expanded new edition.From the development of metal and paper currency to the ongoing global economic crisis, the rigorously updated The Encyclopedia of Money, Second Edition is the most authoritative, comprehensive resource on the fundamentals of money and finance available. Its 350 alphabetically organized entries—85 completely new to this edition—help readers make sense of a wide range of events, policies, and regulations by explaining their historical, political, and theoretical contexts. The new edition focuses most intently on the last two decades, highlighting the connections between the onrush of globalization, the surging stock market, and various monetary and fiscal crises of the 1990s, as well as developments, scandals, and pocketbook issues making headlines today.350 fully updated A-Z entries on the deveopment, functions, and dysfunctions of money, banking, and credit systems, including 85 new to this editionDozens of photographs and illustrations of coinage and paper money from different times and placesA glossary of key terms such as gross domestic product, capitalism, float, credit default swaps, and solvencyAn index offering access to entries by several criteria, including individuals involved and countries affected

"The Encyclopedia of Money is highly recommended to public and academic libraries. Students of business should find it especially useful." - ARBAonline, "A good, affordable purchase for academic, public, and business collections." - Library Journal, "A good choice for academic and public libraries. Libraries with the earlier edition will want to update." - Booklist, "This encyclopedia contains about 350 entries on money and finance, organized alphabetically and including topics in the development, functions, and dysfunctions of money, banking, and credit systems. Allen (economics, Lamar U.) includes current terms like adjustable-rate mortgage; general terms like checks, the dollar, and balance of payments; banks and issues in countries around the world; historical terms and acts; and recent developments in the last two decades and the connections between globalization, the stock market, and monetary and fiscal crises. This edition has 85 new entries and addresses new issues associated with shrinking inflation and deflation." - Reference & Research Book News, "...the difference in the coverage between the two editions is enough to recommend keeping both on hand. Both editions will serve as useful complements to any reference collection on finance, banking, or economics. Recommended. Lower-level undergraduates and above; general readers." - Choice

Larry Allen is professor of economics in the Department of Economics at Lamar University, Beaumont, TX.