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A Credit Theory of Money: The Monetary Circuit Approach

A. Parguez and Mario Seccareccia ()

Working Papers from University of Ottawa, Department of Economics

Abstract: This paper outlines what are the essential features of the theory of the monetary circuit. It provides both theoretical and historical foundations to this approach and contrasts it with alternative conceptions of money, including the neoclassical and other heterodox approaches (in particular, the Post-keynesian and neo-Chartalist theories of money).

Keywords: ECONOMIC THEORY; MONEY; MACROECONOMICS (search for similar items in EconPapers)
JEL-codes: E12 E50 O10 (search for similar items in EconPapers)
Pages: 30 pages
Date: 1999
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