Yeager, Leland - In: Banca Nazionale del Lavoro Quarterly Review 60 (2007) 241, pp. 195-205
Money evolved gradually as a cuitural product, it was not originally invented and imposed by the state (although it did … medium of exchange evolved earliest. Quite plausibIy, one function carne first in some times and places, the other in others … payments system can readiIy accommodate multiple media of exchange (if, indeed, notes and deposits of different banks and …