Submission Instructions | Journal of Money, Credit & BankingThe banking industry is the underlying foundation of all financial transactions in a modern economy, facilitating everything from the most simple retail purchases to residential and commercial financing, capital markets and foreign exchange. Here are five of the best available books to help you gain a better understanding of the banking industry and its central importance in supporting the world economy. The book chronicles how the Morgan family stealthily and steadily moved in on the Rothschild and Baring families, eventually largely surpassing them in creating the most powerful financial establishment in the world. The book provides intimate portraits of the individuals who founded the Morgan banking dynasty. McMillan carefully details what he sees as ultimately unsolvable problems confronting the current banking system, and then offers a plan for a new type of banking system that encompasses the forces of the digital revolution, new payment processing and monetary exchange systems, and other financial shifts such as the rise of peer-to-peer P2P lending. The book is both an intriguing biographical account of a visionary in the banking industry and a history of the transformation of U. Griffin presents a methodical, detailed history of the creation of the Federal Reserve System FRS and, more importantly, the purpose behind it.
Banking Explained – Money and Credit
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How The Economic Machine Works by Ray Dalio
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