TY  - GEN
N2  - 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.
A1  - Schmidt, Sandra
KW  - Money
KW  -  debt
KW  -  banks and inequality. Reform of the monetary system
KW  -  equity-based money.
CY  - Heidelberg
AV  - public
TI  - Pure Money for a Sound Economy
EP  - 32
Y1  - 2015/01//
T3  - Discussion Paper Series, University of Heidelberg, Department of Economics
UR  - https://archiv.ub.uni-heidelberg.de/volltextserver/18115/
ID  - heidok18115
ER  -