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A short course of lectures
«The monetary system»





A RETROSPECTIVE ANALYSIS OF CLASSIC MONEY IN OPERATIONQUESTIONS AND ANSWERSTRADITIONAL REGULATORY MEASURES TO ENSURE RANKS' STABILITY LIMITSThe Securitization Concept and Its ImplementationThe Origin of SecuritizationThe General Monetary Policy on Both Sides: Reinforce Equity, Regulate Transparency – A Dead EndQUESTIONS AND ANSWERSQUESTIONS AND ANSWERSBEFORE ACCOUNTING FOR ANY TRANSACTION – THE SAMPLING TOPIC. THE MIX UP BETWEEN NUMBERS AND FORMULAETHE PRESENT-DAY NON-UTILITY OF CLASSICAL AGGREGATESQUESTIONS AND ANSWERSThe EU Answer to InequalitiesINTERNATIONAL MICROECONOMIC REGULATION COORDINATION SPECIFICSThe Coordination of Goals Assigned to the G20Monetary Aggregates in Central BanksTHE DEMISE OF TRADITIONAL CONCEPTUAL APPROACHESSHADOW BANKING IS DIFFERENT FROM VIRTUAL MONEYGENERAL FRAMEWORKA SINGLE WORLDWIDE LANGUAGE; ACCOUNTING AND FINANCIAL STATEMENTSDirect Financing and Hedging of RiskAcknowledgementsDegrees of Contagion ("Interconnection")THE EMERGENCE OF A NEW SEIGNORAGEQUESTIONS AND ANSWERSM5/M6 and their Derivatives M5'/MG': Determining Definitions and UsesThe International Set-upTRANSNATIONAL REALITIES ABOUT FINANCIAL INSTRUMENTS' MARKETS AND SYSTEMIC RISK MEASUREMENTHandling the Social Obstacles of Monetary UnificationOne Key Consequence of the New Set-up: The Final TrapDEFINING "TODAY'S MONEY"THE PARADOX OF AVAILABILITY OF MONEY MASSES AS A POLICY TOOL FOR THEIR HOLDERSMONEY TODAYThe Consistency-Based Principle of BookkeepingTHE GROWING ISSUES OF THE SIZE OF THE MONETARY ZONES – RESEARCH FOR OPTIMUMThe G20's Reasons to ExistQUESTIONS AND ANSWERSTHE INTRINSIC NEW CONCEPTUAL VIEWS ON MONEYTime: A Different DimensionThe Answer to HeterogeneityTHE RISE AND FALL OF CIVILIZATIONSInception, Monopolies and Measurement Aggregates as Classical Mechanisms for Issuing MoneyTRADITIONAL MONETARY AGGREGATESA Trifunctional Monetary Support SystemMONETARY ASPECTS OF FINANCIAL STATEIVENTSThe World Bank GroupModern limes – Liberation and Growth of the Money Supply. The Facts Presented in Monetary Units and Resulting Regulatory NeedsThe RealitiesTOWARDS THE FULL LIBERATION OF MONEY FROM ANY REFERENTIALMONEY DEFINED BY ITS FUNCTIONALITYCOORDINATION ISSUES INSIDE THE E0R0Z0NE AS OPPOSED TO INTERNATIONALWhat is the Conceptual Essence of Contractual Money, Constraints and Implications?The First Function: Price Setting – Money as a Measurement Standard-Based Source of InformationTHE OPERATIONAL SCOPE OF MONEY AND ITS OSECHARTER 1. From Antiquity to Modern limes; Monetary Development Over 5000 Years. What History Explains and Comparison within New ContextsSHADOW OR PARALLEL RANKING SYSTEMSA Need for Mathematical ApproachesCONCEPTS AND RULES TO REPORT EXCHANGES AND DETERMINE THE IMAGE OF FINANCIAL STATEMENTSDIRECT SYSTEMATIC IMPACT OF ACCOUNTING STANDARDSCITIZENS EMERGING IN THE PROCESS OF FINANCIALIZATIONA Tentative Formula: STD (Serval-Tranie-Douady)Linguistic Definition of the Word "Money"QUESTIONS AND ANSWERSNEW HORIZONS CONCERNING EXCHANGES, TIME AND GUARANTEESThe "Double-Posting" PrincipleFrom Excessive Accumulation Derives Non-level Playing FieldsLINKS BETWEEN MONETARY FUNCTIONSACCEPTED CONCEPTS THAT COMPLEMENT TRADITIONAL MONETARY ANALYSIS – LIMITS AND EVOLUTIONFrom the Known Money Multiplier through the Banking System to a New PerspectiveThe International Monetary FundTHE INVESTMENT MULTIPLIERSocial Time and AnticipationMONETARY EVOLUTION BACKED BY ECONOMIC GROWTHThe Regulation and Observation Limits Already Accepted, Compared with the Realities of Modern ExchangesINTERNATIONAL EXCHANGES – INTERACTIONS AND MONETARY ZONE COHERENCEDEFINING NEW MONEY – THE DIFFERENCE DETWEEN SHADOW RANKING MONEY, VIRTUAL MONEY AND THE NEW AGGREGATESFOLLOWING OP ON REGULATING MONEY ISSUANCE IN A CHANGED ECONOMIC ENVIRONMENT. MONETARY SUPERVISION: AN ANCIENT QUESTIONEUROPE AND THE USAGOVERNMENTAL AND CENTRAL BANK MONETARY OPERATIONSDESCRIPTION OF THE CURRENT OPERATIONAL SYSTEM: DISTINCTION RETWEEN NATIONAL AND INTERNATIONAL SYSTEMSMONEY ISSUANCE THROUGH CENTRAL BANK INTERVENTIONSTransparency Effect and Risk of Centralization: The CCP ExampleGUARANTEES AND THE EXTENSION OF MONETARY INSTRUMENTS LIBERATED FROM UNIFIED RACKING AND ISSUANCE CONSTRAINTSDEVIATIONS FROM EFFECTIVE RISK CONTROL: THE CDS CASETHE CURRENT INTERNATIONAL SYSTEMTHE ORIGIN OF MONEY; FROM ANTIQUITY TO MODERN TIMESThe New Nature of Money in Electronic limesAT THE CORE OF THE ISSUE: THE DEFINITION OF CURRENCYHOW TO GROUND TRUST IN MONEY: AUDITED FINANCIAL STATEMENTS FOR GOVERNMENT AND CENTRAL BANKSTHE NEW ENVIRONMENT: BROADENING THE DEFINITION OF CURRENCYSegregation and Derived Aggregates: M5' and M6'QUESTIONS AND ANSWERSDetermining the Appropriate Amounts of AccumulationWhat Information Will These New Aggregates Yield?THE IMAGE PRESENTED BY FINANCIAL STATEMENTS INFLUENCES THE ANALYSIS OF ECONOMIC DATA AND TRANSACTIONAL EXCHANGESINTERNATIONAL COORDINATIONWHAT CAN WE LEARN FROM ANCIENT AND MORE MODERN HISTORY?The Modern Seignorage PrivilegeALLOCATED ROLES AND GOALS IN THE INTERNATIONAL MONETARY SET-OPDebt versus Equity Instruments: The Need for Big DataThe European Stability Mechanism and the European Central BankResilient Open Questions in a New EnvironmentThe Second Function: A Payment and Trading InstrumentTHE INSUFFICIENCIES OF THE CURRENT SYSTEM FOR SATISFYING INFORMATION NEEDSTHE MONETARY INTERACTION OF SYSTEMSG5 to G20REPLACEMENT OF BANK LOAN FINANCING BY SECURITIZATION AND THE IMPACT OF PRO-CYCLICAL EFFECTSTraditional Seignorage in GeneralRedefining the Monetary System and Measurements of Monetary Flow – Towards M5 and M6SEIGNORAGE AND THE PRIVILEGE OF ISSUING AND STAMPING MONEYARE CENTRAL RANKS PREREQUISITE INSTITUTIONS THAT SHOULD REMAIN INDEPENDENT FROM SOVEREIGN AUTHORITY?BOOK BALANCES ARE EITHER MONEY OR POTENTIAL MONEYTroikaDouble-Entry ConsequenceThe World Trade OrganizationMICRO- AND MACRO-PRUDENTIAL SURVEILLANCE AGENCIES' FRAMEWORKNew Policies to Stabilize the Banking SystemMoney as a Measurement Instrument: The Need for StabilityMoney Guarantees and TrustMONEY ACCUMULATIONS AND INTERACTIONSA Metallic System Allowing Intrinsic Measurement Stamping: Ingots to CoinageA New Aggregated Conceptual Approach Allowing Operational Transactions and Financial Ones to be ReconciledPast and 21st-Century Money AnalysisNEW MONETARY AGGREGATES DEFINE EXTENDED CONCEPTS OF MONEYSTABILITY AND GUARANTEESSecuritization Financing via Trust-Derived "Shadow Capital" Originating from Retirement Accounts, Direct Savings and Trade DeficitsThe Utility of M5 and M6 AggregatesThe Monetary SystemSpeed Efficiency, Risks and Market SwitchesGUARANTEES ON RECEIVABLES: A SECURITIZATION MULTIPLIERGrounding the Guarantees of Stamping: From an All-Metallic System to Paper BillsDEVELOPMENT OF A GLOBAL FINANCIAL MARKET ECONOMYGlossaryTHE DRIVING ROLE OF MONETARY VELOCITYToday's International Situation and IssuesCauses Underlying Emerging Macroeconomic RealitiesThe Resulting BreakthroughResulting Needs for Standardization, Regulation and SupervisionThe Fair Value Conceptual Mistake Contributes to Instability and DistrustThe Contemporary Basis for Money Expression: Accounting LedgersLegal Tender and SeignorageTHE EXTENSION OF MONEY WITH DISINTERMEDIATIONNEW FORMS OF MONETARY EXCHANGETHE INTRINSIC DEFINITION OF MONEYThe Bank for International SettlementsSocial Roles of Money: Transferable, Reserve or Bubble? How to Determine Sociological Thresholds from Different DimensionsThe Third Function: A ReserveEVOLUTION OF MONEY INTO A SEGREGATED INTERMEDIATION TOOL WITH IMPRECISE FRONTIERSQUESTIONS AND ANSWERSThe US Answer to InequalitiesValue ConsequenceEXTENDING THE FIELD OF DEDTS AND GUARANTEESFROM A PRACTICAL POINT OF VIEW, WHAT ARE THE DATA LIMITATIONS FOR DETERMINING THE VALUES OF NEW MONETARY AGGREGATES?THE BANKING UNIONDefinition of Aggregates and Functions UsedCONSEQUENCES OF THE BASIC ACCOUNTING PRINCIPLESMODELLING THE MONETARY WINDBAG ANALYSISMONETARY REGULATION AND FOLLOW-UPTHE FISCAL POLICY COORDINATION ISSUE COMPARED WITH THE USAMonetary Effects of GuaranteesThe Disputed Strategy: Addressing Macroeconomic ImbalancesThe Implosion Risk of the Money TrapDefining New Classes of Monetary Aggregates: M5 and M6WHERE MISLEADING STANDARDS GENERATE DISTORTED IMAGES Valuation Incertitude in Accounting StandardsSpreading the Seignorage Rights between Chartered Financial Institutions Accepted to Trade Instruments and the Central Banks' Right to Drive ValuesTHE NECESSARY APPROACH IN ACCOUNTING: A HIERARCHY OF DANGEROUSNESSLegal Segregation between Different Types of Money, Depending on Underlying Guarantees and TransferabilityThe Appraisal Spark Plug that Drives a Continued "Fair Value" Crisis
 
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