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  • 标题:Pure Money for a Sound Economy
  • 本地全文:下载
  • 作者:Sandra Schmidt
  • 期刊名称:Discussion Paper Series / Universität Heidelberg, Department of Economics
  • 出版年度:2015
  • 出版社:Universität Heidelberg, Department of Economics
  • 摘要:At present, the world-economy is exceedingly fragile. Debt levels of nations peak. Monetary assets increase, to o, and concentrate in the hands of few. In this paper, I show that a mechanism at the root of to day's monetary system entails an inherently fragile economy. I simulate the consequences of this mechanism within a macroeconomic model. I motivate a new monetary system that gives money the role it should have: to facilitate complex interactions in a stable environment
  • 关键词:Money; debt; banks and inequality. ; Reform of the monetary system; equity-based money
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