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Money and the Monetization of Credit

Author

Listed:
  • Martin Shubik

    (School of Management)

Abstract

The relationship between money and credit is discussed in terms of network linkage. Fiat money is the only instrument with the universal recognition of its issuer. Near monies such as bank money and money substitutes such as gasoline credit cards can be classified in terms of their network links. This leads to a way of considering the velocity of money.

Suggested Citation

  • Martin Shubik, 2002. "Money and the Monetization of Credit," Yale School of Management Working Papers ysm257, Yale School of Management.
    • Handle: RePEc:ysm:somwrk:ysm257
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    Cited by:

    1. is not listed on IDEAS
    2. Guido Fioretti, 2005. "Credit Rationing in a Basic Agent-Based Model," Finance 0505002, University Library of Munich, Germany.

    More about this item

    Keywords

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    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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