PREFACE TO THE SECOND ENGLISH EDITION
PREFACE TO THE SECOND ENGLISH EDITION
I am happy to present the second English edition of Money, Bank Credit, and Economic Cycles. Its appearance is particularly timely, given that the severe financial crisis and resulting worldwide economic recession I have been forecasting, since the first edition of this book came out ten years ago, are now unleashing their fury.
PREFACE TO THE FIRST ENGLISH-LANGUAGE EDITION
PREFACE TO THE FIRST ENGLISH-LANGUAGE EDITION
It is a genuine pleasure for me to see this handsomely-printed English edition of my book, Dinero, Crédito Ban, which first appeared in Spain in 1998. This translation incorporates the small number of corrections included in the second Spanish edition of January 2002, and it is the result of the great effort of Melinda A. Stroup, who wrote the first English manuscript of the entire book.
Preface To The Third Spanish Edition
PREFACE TO THE THIRD SPANISH EDITION
PREFACE TO THE THIRD SPANISH EDITION
PREFACE TO THE SECOND SPANISH EDITION
INTRODUCTION
INTRODUCTION
CHAPTER 1: THE LEGAL NATURE OF THE MONETARY IRREGULAR-DEPOSIT CONTRACT
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THE LEGAL NATURE OF THE MONETARY IRREGULAR-DEPOSIT CONTRACT
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A PRELIMINARY CLARIFICATION OF TERMS: LOAN CONTRACTS (MUTUUM AND COMMODATUM) AND DEPOSIT CONTRACTS
CHAPTER 2: HISTORICAL VIOLATIONS OF THE LEGAL PRINCIPLES GOVERNING THE MONETARY IRREGULAR-DEPOSIT CONTRACT
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HISTORICAL VIOLATIONS OF THE LEGAL PRINCIPLES GOVERNING THE MONETARY IRREGULAR-DEPOSIT CONTRACT
CHAPTER 3: ATTEMPTS TO LEGALLY JUSTIFY FRACTIONAL-RESERVE BANKING
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ATTEMPTS TO LEGALLY JUSTIFY FRACTIONAL-RESERVE BANKING
CHAPTER 4: THE CREDIT EXPANSION PROCESS
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THE CREDIT EXPANSION PROCESS
CHAPTER 5: BANK CREDIT EXPANSION AND ITS EFFECTS ON THE ECONOMIC SYSTEM
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BANK CREDIT EXPANSION AND ITS EFFECTS ON THE ECONOMIC SYSTEM
