eprintid: 18115
rev_number: 19
eprint_status: archive
userid: 2744
dir: disk0/00/01/81/15
datestamp: 2015-01-28 15:10:03
lastmod: 2016-01-19 19:24:18
status_changed: 2015-01-28 15:10:03
type: workingPaper
metadata_visibility: show
creators_name: Schmidt, Sandra
title: Pure Money for a Sound Economy
subjects: 330
divisions: 181000
keywords: Money, debt, banks and inequality. Reform of the monetary system, equity-based money.
abstract: 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.
date: 2015-01
id_scheme: DOI
id_number: 10.11588/heidok.00018115
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0580
ppn_swb: 1654697060
own_urn: urn:nbn:de:bsz:16-heidok-181158
language: eng
bibsort: SCHMIDTSANPUREMONEYF201501
full_text_status: public
series: Discussion Paper Series, University of Heidelberg, Department of Economics
volume: 0580
place_of_pub: Heidelberg
pages: 32
citation:   Schmidt, Sandra  (2015) Pure Money for a Sound Economy.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/18115/1/Schmidt_2015_dp580.pdf