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The New Palgrave Dictionary of Money and Finance
     

The New Palgrave Dictionary of Money and Finance

by Peter Newman, John Eatwell (Editor), Murray Milgate (Editor)
 
The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave, this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most

Overview

The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave, this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most comprehensive analysis available of contemporary theory and the fast-evolving global monetary and financial framework. In its scope and depth of coverage, it is indispensable for the academic and practitioner alike.

Editorial Reviews

Zom Zoms
With the 1987 publication of "The New Palgrave: A Dictionary of Economics", Macmillan U.K. and Stockton Press produced the landmark encyclopedia of economics for the twentieth century. This new work, intended as a companion set, concentrates on the theory and applications of money and finance. It is a scholarly work, covering both the mathematical principles behind the concepts as well as the results of their actual use in today's economy The dictionary's 1,008 entries are arranged alphabetically within three volumes. The essays are intended to be authoritative for each topic, ranging in length from a single paragraph to dozens of pages, and each is signed. The vast majority of the 803 contributors are academics, representing universities and research centers throughout the world. Other authors are associated with major institutions in the banking and finance industries, such as the Federal Reserve or the Bank of Israel. Approximately 80 percent of the more than 1,000 essays were commissioned specifically for this work. The entries reflect the international flavor of the contributors, providing articles as diverse as "Hong Kong Stock Exchange" and "Islamic Banking". While the dictionary provides descriptions of systems throughout the world, it tends to concentrate on topics of interest to British and American readers In general, the theoretical articles are much more difficult for the layperson to comprehend than those on applied topics. However, even the theoretical entries usually begin with a brief summary that can be of use to the general reader. A large number of the entries require an understanding of differential calculus and advanced mathematics to fully comprehend the subject matter. The entries "Cost of Capital" and "International Finance" rely heavily on high-level mathematical skills. In contrast, other entries (e.g., "Credit Unions", "Discount Rate") use more common terminology and familiar examples so that they can be understood by a layperson Each entry contains a bibliography, varying in length according to the specificity of the topic. Cited materials range from classic works to papers published as recently as 1990. Each of the longer entries is followed by five to ten references to other essays. This system of cross-referencing is intended to replace a traditional index. Other than the alphabetical list of entries and cross-references, the only method of identifying an article is through the subject classification system, included as an appendix, that places each entry into a hierarchical scheme. Such a classification may be useful to the knowledgeable reader but will be difficult for those without a specialized background "The New Palgrave Dictionary of Money and Finance" is clearly a landmark publication. It presents the economic information that affects our daily lives, with each entry written by one of the foremost experts in the field. However, because of its reliance on advanced mathematics and economic theory, much of the information will not be accessible to the general reader. While this work will be a welcome addition to the reference collections of libraries supporting business and economic research, it will not be as useful in the general public library. Librarians considering this work should have a clear understanding of their user population before making a positive selection.

Product Details

ISBN-13:
9781561590414
Publisher:
Palgrave Macmillan
Publication date:
10/01/1992
Pages:
2621
Product dimensions:
12.00(w) x 9.90(h) x 9.40(d)

Meet the Author

PETER NEWMAN was formerly Professor Emeritus of Economics at the Johns Hopkins University.

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