This is the first English translation of a largely ignored work on money markets based on the Irving Fisher-type quantity theory of money, analyzing how the money market responds to an excess demand for or an excess supply of money. It includes a foreword on Fanno's life and early works and his theory of credit, and a comparison of his work with that of economist Wicksell. First published as Le Banche e il mercato monetario in 1912 by Athenaeum. Annotation copyright Book News, Inc. Portland, Or.