© 2018

The Creators of Inside Money

A New Monetary Theory


Table of contents

About this book


This book develops a new monetary model based on the medium of exchange. It builds on existing theory in money, banking and finance to present a more precise formulation of the money supply chain to derive a fully dynamic model. It is supported by the inclusion of case studies, graphs and figures to give an international setting and application.


Money supply Monetary economy Depositors Retail banks Real economy Commercial banks Credit Credit risk Modern Portfolio Theory Catastrophe framework Inflation Financial instability

Authors and affiliations

  1. 1.Department of Accounting, Finance and EconomicsUniversity of Hertfordshire Business SchoolHatfieldUnited Kingdom

About the authors

D. Gareth Thomas is a Senior Lecturer in Economics at the University of Hertfordshire where he has been since 1990. He received a BA (Hons.) degree in Social Sciences from the Central London Polytechnic (now the University of Westminster), and a MSc degree in Economics from Birkbeck College, University of London, alongside a Postgraduate Certificate in Education from St. Mary’s College, Institute of Education, University of London. Finally, he received a PhD in the econometric modelling of real investment from the University of Hertfordshire. Prior to joining the Hertfordshire Business School, he was a schoolteacher and the Head of Economics at Longdean School, Hemel Hempstead. His research interests include econometrics and monetary and health economics. He is the author of a number of research articles and has presented at numerous conferences. In 2010, he was highly commended for teaching excellence as Tutor of the Year by the University of Hertfordshire.

Bibliographic information

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