Money Capital: New Monetary Principles for a More Prosperous Society

Economists Haizhou Huang (Managing Director and Management Committee Member at China International Capital Corporation Limited) and Patrick Bolton (Professor of Finance and Economics and Imperial College London) will visit London Business School to lead a discussion on, equity capital, fiscal policy and the Economic Development of China based on their recent title, . Richard Portes, Professor of Economics at London Business School will be the moderator for this discussion.

The principle concept of this book considers that fiat money represents the equity capital of a nation, while the cost of inflation mirrors the dilutions faced by the shareholders. The authors explore two central questions: How does money flow into the economy, and what is it used to purchase? The book presents a comprehensive framework that links the real economy with its monetary counterpart, emphasising the critical role of the banking sector and debt.

This session will take place in collaboration with the AQR Asset Management Institute at London Business School.

Host or Publisher Wheeler Institute for Business and Development / The Africa Club