We hope to model financial fragility and money in a way that captures much of what is crucial in Hyman Minsky …

integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …

This paper briefly summarizes the orthodox approach to banking, finance, and money, and then points the way toward an …, but also sheds more light on the nature of money in modern economies. In orthodoxy, money is something that reduces … all orthodox approaches to banking, finance, and money: banks, financial instruments, and even money itself originate to …

Some have argued that a significant decrease in the demand for money, due to financial innovations, could imply that … rule the roost. In the 1930s, starting from Keynes's ideas and referring to money in general, Kaldor had followed a similar … line of analysis. In principle, a new unit of account could displace conventional money and, hence, central banks. But this …

. As such, it can be described as the first true central bank. The debut of central bank money did not result from any …

The paper argues that the functional approach of money does not provide a good method to study monetary history and … past monetary systems. It is shown that any monetary system has specific properties that most students of money do not take … into account when theorizing about money or analyzing its history. This leads them to miss some important points, and to …