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Innovated Payments Systems

M. L. Burstein
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M. L. Burstein: York University

Chapter 4 in The New Art of Central Banking, 1991, pp 85-100 from Palgrave Macmillan

Abstract: Abstract Indeed the money of account must precede the money. The measure and the property, including money, that is measured are ontologically distinct. What is more, there need be no money at all: money of account alone suffices for a viable debt-discharge system.

Keywords: Central Banking; Public Debt; Clearing House; Real Asset; Convenience Yield (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11626-3_4

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DOI: 10.1007/978-1-349-11626-3_4

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