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The Endogeneity of Credit Money

In: Shaking the Invisible Hand

Author

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  • Basil John Moore

Abstract

Money is the asset generally accepted as the means of payment and medium of exchange. Money also serves as a store of value and as the unit of account in which prices are expressed. The particular assets that are bestowed with general acceptability in exchange have evolved markedly over time, and are still evolving.1 For conceptual clarity it is essential to distinguish the differences between commodity, fiat, and credit money.

Suggested Citation

  • Basil John Moore, 2006. "The Endogeneity of Credit Money," Palgrave Macmillan Books, in: Shaking the Invisible Hand, chapter 9, pages 197-214, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51213-9_9
    DOI: 10.1057/9780230512139_9
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    Cited by:

    1. Marina Yu. Malkina & Igor A. Moiseev, 2020. "Endogeneity of Money Supply in the Russian Economy in the Context of the Monetary Regime Change," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 8-27, June.

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