The Encyclopedia of Money, 2nd Edition

by Larry Allen


Money may talk, but it can sound like a foreign language. In good times, we don't question. When good times end, we scramble to make sense of it. The global economy is reeling from a string of brutal shocks; a reverse so swift and total that the financial landscape is unrecognizable. Yesterday's sound money sense is today's sheerest folly. Frightened consumers, desperate for information, are being bombarded with conflicting advice. We may be growing more confused, not less—just when we need clarity the most.

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Cover image for The Encyclopedia of Money

October 2009


Pages 520
Volumes 1
Size 7x10
Topics Economics/General

A comprehensive introductory resource with entries covering the development of money and the functions and dysfunctions of the monetary and financial system.

The original edition of The Encyclopedia of Money won widespread acclaim for explaining the function—and dysfunction—of the financial system in a language any reader could understand. Now a decade later, with a more globally integrated, market-oriented world, and with consumers trying to make sense of subprime mortgages, credit default swaps, and bank stress tests, the Encyclopedia returns in an expanded new edition.

From the development of metal and paper currency to the ongoing global economic crisis, the rigorously updated The Encyclopedia of Money, Second Edition is the most authoritative, comprehensive resource on the fundamentals of money and finance available. Its 350 alphabetically organized entries—85 completely new to this edition—help readers make sense of a wide range of events, policies, and regulations by explaining their historical, political, and theoretical contexts. The new edition focuses most intently on the last two decades, highlighting the connections between the onrush of globalization, the surging stock market, and various monetary and fiscal crises of the 1990s, as well as developments, scandals, and pocketbook issues making headlines today.


  • 350 fully updated A-Z entries on the deveopment, functions, and dysfunctions of money, banking, and credit systems, including 85 new to this edition
  • Dozens of photographs and illustrations of coinage and paper money from different times and places
  • A glossary of key terms such as gross domestic product, capitalism, float, credit default swaps, and solvency
  • An index offering access to entries by several criteria, including individuals involved and countries affected


  • Describes and illuminates the major financial episodes of monetary and fiscal crises of the last 20 years in a way the nonacademic reader can understand
  • Examines legal and legislative changes that have impacted or will impact ongoing financial developments
  • Offers coverage that spans the entire globe and ranges from the advent of currency to the present
  • Focuses on topics and events most relevant to current concerns and situations
Author Info

Larry Allen is professor of economics in the Department of Economics at Lamar University, Beaumont, TX. His published works include Global Financial System: 1750-2000 and The Global Economic System since 1945.



"The Encyclopedia of Money is highly recommended to public and academic libraries. Students of business should find it especially useful."ARBAonline

"A good, affordable purchase for academic, public, and business collections."Library Journal

"A good choice for academic and public libraries. Libraries with the earlier edition will want to update."Booklist

"This encyclopedia contains about 350 entries on money and finance, organized alphabetically and including topics in the development, functions, and dysfunctions of money, banking, and credit systems. Allen (economics, Lamar U.) includes current terms like adjustable-rate mortgage; general terms like checks, the dollar, and balance of payments; banks and issues in countries around the world; historical terms and acts; and recent developments in the last two decades and the connections between globalization, the stock market, and monetary and fiscal crises. This edition has 85 new entries and addresses new issues associated with shrinking inflation and deflation."Reference & Research Book News

"...the difference in the coverage between the two editions is enough to recommend keeping both on hand. Both editions will serve as useful complements to any reference collection on finance, banking, or economics. Recommended. Lower-level undergraduates and above; general readers."Choice

"Suitable for general readers and researchers."School Library Journal

"The second updated edition of The Encyclopedia of Money is a fine pick for any college-level library, explaining financial concepts and terminology in over 350 A-Z entries on the development, functions and operations of banking, credit systems and more. Over 85 new entries to this edition accompany dozens of photos of coinage and money and a glossary of world economic terms."Midwest Book Review

"...this is an authoritative work and should provide a useful addition for all reference collections."Reference Reviews

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