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Pure Money for a Sound Economy

Schmidt, Sandra

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At present, the world-economy is exceedingly fragile. Debt levels of nations peak. Monetary assets increase, too, and concentrate in the hands of few. In this paper, I show that a mechanism at the root of today’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.

Item Type: Working paper
Series Name: Discussion Paper Series, University of Heidelberg, Department of Economics
Volume: 0580
Place of Publication: Heidelberg
Date Deposited: 28 Jan 2015 15:10
Date: January 2015
Number of Pages: 32
Faculties / Institutes: The Faculty of Economics and Social Studies > Alfred-Weber-Institut for Economics
Subjects: 330 Economics
Uncontrolled Keywords: Money, debt, banks and inequality. Reform of the monetary system, equity-based money.
Schriftenreihe ID: Discussion Paper Series / University of Heidelberg, Department of Economics
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