Advanced Search
MyIDEAS: Login

Money as a Global Public Good

Contents:

Author Info

  • Liliana DONATH

    (West University of Timisoara, Faculty of Economics and Business Administration, Romania)

  • Alexandra-Codruta POPESCU

    (West University of Timisoara, Faculty of Economics and Business Administration, Romania)

Abstract

The main objective of this paper is to discuss a complex and yet not taken in consideration global public good: money. Money is a social convention created and accepted by people in order to facilitate economic transactions, being a symbol, without an intrinsic value (fiduciary money). It is universally used and it has value only in connection with the products and services that can be acquired, based on people’s consent and their psychological acceptance. In other words, its value lies in the purchasing power given by the quantity of commodities and services that can be bought with money. During history, as people began to become fully aware of the importance of money for their own survival, economic growth and development, institutions were created to manage and pass the necessary rules and regulations to grant stability to the financial intermediation process. The entire process was possible because money were always perceived as a particular “asset”: to society as a whole and to each individual as well. The strength of each currency reflects the strength of the public authorities that contribute to its creation (central banks, government, and society) as well as the strength of the economy it reflects. Besides its social value, money bear psychological value for each individual, as they serve in facilitating the fulfilment of necessities, dreams, of all people could ever want or need in their lives. Moreover, money can be regarded as a constant throughout history: changeable over time and yet the same, of vital importance in people’s lives.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.tje.uvt.ro/index.php/tje/article/download/51/pdf
Download Restriction: no

Bibliographic Info

Article provided by West University of Timisoara, Romania, Faculty of Economics and Business Administration in its journal Timisoara Journal of Economics.

Volume (Year): 2 (2009)
Issue (Month): 3(7) ()
Pages: 137-140

as in new window
Handle: RePEc:wun:journl:tje:v02:y2009:i3(7):a03

Contact details of provider:
Postal: Str. J.H.Pestalozzi nr. 16, 300115, Timisoara
Phone: 004 0256 592506
Fax: 004 0256 5925002
Web page: http://www.feaa.uvt.ro
More information through EDIRC

Order Information:
Postal: 16 J. H. Pestalozzi Street, 300115, Timisoara, Romania
Email:
Web: http://www.tje.uvt.ro

Related research

Keywords: money; global public good; social and psychological value;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wun:journl:tje:v02:y2009:i3(7):a03. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Romeo Margea).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.