General Theory of Money: A New Approach

Mohsen Rezaie

MPRA Paper from University Library of Munich, Germany

Abstract: Money, credit and monetary markets are interlinked with each other and linked to real sector of the economy. There is clearly no single market called money market, but there are two money markets, asset-money and credit-money markets, that money is created by the interactions between them. This created money would, then, enter into economic activities and to facilitate producing and transacting in the real sector. In other words, money is a heavenly creature that is created through interactions between money markets in the sky of monetary markets that returns to the land of real markets. In other words, monetary intermediaries, like firms, produce money within credit and savings process. In addition, monetary integration takes place by interaction of money markets.

Keywords: Asset-money; Credit-money; Saving; Monetary Theory; Monetary Variables; Monetary Integration (search for similar items in EconPapers)
JEL-codes: E40 (search for similar items in EconPapers)
Date: 2014-01-01
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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