reflections of Karl Polanyi fit. In this way, Polanyi thinks of money as an institution that submerges the economy into social … relationships. As an analytical result, stripping money of its institutional character and trying to reduce it to a commodity, can …, money and markets. From this point on, it is possible, in the second part of this analysis, to specify certain interesting …

concept, as is clearly demonstrated by an analysis of the role of money in his work. In this perspectives, it seems relevant … the way in which the money institution contributes to social integration. Although it is necessary to reconsider some … money to a commodity can be dangerous, considering the institutional implications of money uses. …

This paper studies a simple stochastic two-period general equilibrium exchange model with money, an incomplete market … implicit in the model, public debt and creation of money both implemented at the first period. The equilibrium existence is … established under a Gains to trade hypothesis and the assumption that banks have a non zero endowment of money at each date …

-in-advance constraints. The total amount of money is supplied by an authority, which produces at no cost and lends money to agents at short …

In this paper, we set up and test a model of the Euro zone, with a special emphasis on the role of money. The model … follows the New Keynesian DSGE framework, money being introduced in the utility function with a non-separability assumption … interest rate, real money balances, flexible-price output and flexible-price real money balances variances. The role of money …

By one hand, the nature of money influences the objects, the objectives and the methods of production and consumption …. On the other hand, the distribution of money influences human behaviors, the supply and the demand of goods, and hence … their prices. Today, the banking sector enjoys the privilege of creating around 95% of the money supply. Moreover, as bank …

In this paper, we test two models of the Eurozone, with a special emphasis on the role of money and monetary policy … during crises. The role of separability between money and consumption is investigated further and we analyse the Euro area … economy during three different crises: 1992, 2001 and 2007. We …find that money has a rather signi…ficant role to play in …

In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This …'s methodological approach. Economic sociology, indeed, provides the foundations of a theory of institutions and institutional change … illustrates this general statement by focusing on Schumpeter's analysis of money, banking and finance, and their respective roles …

This article examines which are the potential ways to settle transactions by going off the official public e-money. By … electronic payments on the banking system. Studying such an impact allows us to spotlight the money creation function held by …

reject the classical notions of the neutrality of money and the dichotomy of the real and the monetary sector, emphasising …