Title

Money and the Monetization of Credit

Authors

Martin Shubik

Document Type

Discussion Paper

Publication Date

12-1-2001

CFDP Number

1343

CFDP Pages

22

Abstract

The relationship between money and credit is discussed in terms of network linkage. Fiat money is the only instrument with the universal recognition of its issuer. Near monies such as bank money and money substitutes such as gasoline credit cards can be classified in terms of their network links. This leads to a way of considering the velocity of money.

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