Return to Roots:the Origins of Money and the Current Financial Crisis

Tocu Nicu () and Peter Balogh ()
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Tocu Nicu: Alexandru Ioan Cuza University, Iasi, Romania
Peter Balogh: Babes-Bolyai University, Cluj-Napoca, Romania

Risk in Contemporary Economy, 2011, 394-399

Abstract: The company's current financial situation is the result of evolution over thousands of years and money is a primary component of the economic system that is in constant change. The importance of money and the role they play in the economy it can be considered the "cornerstone" of economic life, so that while there were several schools of thought, located on opposite positions. The problem of the monetary doctrines dispute, is the causal relationship between money and economics, respectively, if the money is just a product of economic life over which changes in the economy works, or they directly influence these changes.

Keywords: money; credit institutions; banking risks; economic cycles; financial crisis (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2011:p:394-399

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