Risultati della ricerca
Creator: Lagos, Ricardo Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 374 Abstract:
A distinction is drawn between outside money—money that is either of a fiat nature or backed by some asset that is not in zero net supply within the private sector—and inside money, which is an asset backed by any form of private credit that circulates as a medium of exchange.
Parola chiave: Bonds, Commitment, Banking theory, Fiat money, Private credit, Inside and outside money, Open market operations, and Finance theory Soggetto: D10 - Household Behavior: General and D40 - Market Structure, Pricing, and Design: General