Inside and outside money
AbstractA distinction is drawn between outside money - money that is either of a fiat nature or backed by some asset that is not in zero net supply within the private sector - and inside money, which is an asset backed by any form of private credit that circulates as a medium of exchange.
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Bibliographic InfoPaper provided by Federal Reserve Bank of Minneapolis in its series Staff Report with number 374.
Date of creation: 2006
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ACC-2006-05-27 (Accounting & Auditing)
- NEP-ALL-2006-05-27 (All new papers)
- NEP-CBA-2006-05-27 (Central Banking)
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- NEP-MAC-2006-05-27 (Macroeconomics)
- NEP-MON-2006-05-27 (Monetary Economics)
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