Part one: how money works: institutions of the monetary economy -- Rethinking monetary economics -- Fiat money systems -- The institutional structure of monetary economy -- Financial intermediation in the capital markets -- Credit creation by the commercial banking system -- Universal banks and the banking, capital markets boundary. Part two: a broader view of the monetary policy: Analytical frameworks and basic monetary facts -- The regulation of universal banks -- Monetary aspects of the government budget -- Central bank policy. Part three: rewriting the rules of our financial system: -- Defining neutral monetary policy -- Universal banks in the monetary system -- The base of investable and bankable projects -- Rewriting the rules

"In Making Money Work: How to Rewrite the Rules of Our Financial System, Matt Sekerke and Steve H. Hanke deliver a rigorous and fascinating exploration of the monetary economy. You'll find a detailed and clear roadmap of how and why fiat money is created and destroyed, its connections to the broader economy, and the objective mechanisms that underwrite and maintain its value."--Dust jacket