Money and the Monetization of Credit

Martin Shubik

Yale School of Management Working Papers from Yale School of Management

Abstract: The relationship between money and credit is discussed in terms of network linkage. Fiat money is the only instrument with the universal recognition of its issuer. Near monies such as bank money and money substitutes such as gasoline credit cards can be classified in terms of their network links. This leads to a way of considering the velocity of money.

Keywords: Credit; Fiat Money; Networks; Trust; Velocity (search for similar items in EconPapers)
JEL-codes: C7 E4 E5 (search for similar items in EconPapers)
Date: 2002-01-14
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Working Paper: Money and the Monetization of Credit (2001)
Working Paper: Money and the Monetization of Credit (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:somwrk:ysm257

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