An Integrated Perspective on Money, Trust, and Banking

Guido K. Schaefer
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Guido K. Schaefer: Vienna University of Economics and Business Administration

Chapter 11 in Money, Trust, and Banking, 2005, pp 149-154 from Palgrave Macmillan

Abstract: Abstract The analysis in this monograph provides a theoretical outline for an integrated theory of money and banking building upon the problem of trust in exchange. It was shown that this approach has the potential to explain a role for money and allows to integrate monetary analysis into the broader framework of contemporary banking theory. The basic question why money is used was demonstrated to have far-reaching consequences for the specific institutional structure how money is provided and managed such that a role for banks emerged in the search for efficient ways of dealing with the problem of lack of trust in exchange.

Keywords: Central Bank; Integrate Perspective; Debt Contract; Monetary Model; Monetary Theory (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51326-6_11

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DOI: 10.1057/9780230513266_11

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