Money Field Theory: in Pursuit of Formalism

Alexander Maslov and Igor Ivanchenko

MPRA Paper from University Library of Munich, Germany

Abstract: The article explores the possibility of interaction between financial and industrial sectors of an economy via such a new economic notion as a pervasive money field, which is used to pin down the elusive entropy of financial markets. The theory of a field originally comes from physics and we show the way it can be applied to economic reality. The implementation makes possible not only to reunite separate channels of monetary transmission mechanism into a single mechanism, but it also provides a new glimpse at the formalized mechanism of macroeconomic monetary relationship.

Keywords: money field; money supply; monetary transmission mechanism (search for similar items in EconPapers)
JEL-codes: C02 E10 E50 E51 (search for similar items in EconPapers)
Date: 2011-04
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Citations: View citations in EconPapers (4)

Published in International Journal of Humanities and Social Science 8.1(2011): pp. 19-29

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:42765

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