Financial Crisis and Economics

V. Tambovtsev

Voprosy Ekonomiki, 2009, issue 1

Abstract: Treating the money as "under-way-contracts", or "under-executed contracts", the author describes its properties as an economic good. It is shown that the money is a private good with valuable externalities, i.e. a merit good. From this fact the necessity of financial markets state regulation oriented at minimizing negative externalities by restriction of using the most risky contracts is drawn.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:831

DOI: 10.32609/0042-8736-2009-1-133-138

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