monetary exchange and credit. Imperfect memory makes money useful, but it also permits theft to go undetected, and therefore … provides lucrative opportunities for thieves. Limited commitment constrains credit arrangements, and the constraints tend to … tighten with imperfect memory, as this mitigates punishment for bad behavior in the credit market. Theft matters for optimal …

As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non …-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to …

in mid 70s and late 80s (USA 2007), namely Japan, is performed. The definition and role of money in the economy in its … various forms from narrow to the most broad credit aggregates and interrelations between central bank policy and growth of … credit is discussed. …

the credit money circuit - a consistent and realistic view of the nature of the supply of money, general enough to embrace … as limit-cases both a strictly endogenous and a strictly exogenous money supply. The interdependence of the supply and … demand for money is explicitely recognized, as well as the central bank ability to control in the short term either the money …

as a stepwise evolution of money forms. Moreover, as already indicated in the title, this development of money forms is … of money, today has to be understood as an omnipresent algorithm, as a growth imperative implicit in social institutions …

in a way that the excess demand for credits equals the preferred amount of money. It is compatible with the Keynesian …

credit card balances, to assets, such as money. But economic aggregation theory and index number theory are based on … about the traditional dichotomy between money and some forms of short term credit, such as checkable lines of credit. We do …While credit cards provide transaction services, as do currency and demand deposits, credit cards have never been …

This paper proposes to quantify the macroeconometric relationships among the variables broad money, lending by banks …