FINANCIALIZATION AND INCOME VELOCITY OF MONEY

Financiarisation et vitesse de circulation de la monnaie

Christian Aubin ()
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Christian Aubin: CRIEF [Poitiers] - Centre de recherche sur l'intégration économique et financière - UP - Université de Poitiers = University of Poitiers

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Abstract: This paper reconsiders the Fisherian equation of exchange by explicitly distinguishing two types of transactions associated with industrial circulation, on the one hand, and financial circulation, on the other. In this context, a formal link can be established between the financialization of the economy and the downward trend in the income velocity of money during the last decades.

Keywords: money; quantity theory of money; equation of exchange; velocity of money; financialization; monetary policy (search for similar items in EconPapers)
Date: 2021-12-19
New Economics Papers: this item is included in nep-ban, nep-cba, nep-his, nep-mac, nep-mon and nep-pay
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