This paper is motivated by empirical observations on the comovements of currency velocity, inflation, and the relative size of the credit services sector. We document these comovements and incorporate into a monetary growth model a credit services sector that provides services that help people...

This paper is motivated by empirical observations on the comovements of currency velocity, inflation, and the relative size of the credit services sector. We document these comovements and incorporate into a monetary growth model a credit services sector that provides services that help people...

This paper is motivated by a variety of empirical observations on the comovements of currency velocity, inflation, and the relative size of the "credit services" sector. By the credit services sector we mean the part of banking and credit sector which provides alternative means of transactions...