scholarly journals Discipline or international balance: the choice of monetary systems in Europe

Author(s):  
Jonas Ljungberg ◽  
Anders Ögren
Keyword(s):  
2013 ◽  
pp. 151-159
Author(s):  
O. Krasilnikov ◽  
E. Krasilnikova

The article discusses the development of non-public monetary systems (NPMS), defined as a specific economic institution. It presents their comparison with public money systems depending on the size of transaction costs. The authors come to the conclusion that in conditions of the information economy on the basis of Internet-technologies NPMS receive a new impetus to their development and can make serious competition in regard to public monetary systems.


2019 ◽  
Author(s):  
Julia M. Puaschunder
Keyword(s):  

Author(s):  
Jeffrey Yi-Lin Forrest ◽  
Yirong Ying ◽  
Zaiwu Gong ◽  
Jinsuai Zhao ◽  
Jesus Valencia ◽  
...  

2020 ◽  
Vol 11 (6) ◽  
pp. 296
Author(s):  
Marat Rashitovich Safiullin ◽  
Mikhail Valerievich Savelichev ◽  
Leonid Alekseevich Elshin ◽  
Vadim Olegovich Moiseev

The change in technological modes is accompanied by financial crises that lead to changes in the global financial system. For a long period, gold played the role of world money. However, the development of technology required the transition to more flexible forms of world money, the basis of which is the national currency of the most industrialized countries. Currently, the transition to the technologies of the Sixth technological mode is accompanied by a global financial crisis. The US dollar does not cope with the functions that the latest technologies present to monetary systems. They are being replaced by a new generation of cryptocurrency-based monetary systems. Cryptocurrencies and blockchain offer new forms of investing, calculating, storing, and saving money. Such financial instruments as various types of cryptocurrencies, tokens, smart contracts, and crypto exchanges offer new opportunities for effective investment in technologies of the Sixth technological mode.


1959 ◽  
Vol 14 (2) ◽  
pp. 312-321
Author(s):  
Franz Gehrels

Author(s):  
Angela Redish

This chapter presents the evolution of Western monetary systems from the bimetallic standards of medieval Europe through the gold standard and Bretton Woods eras to today’s fiat money regimes. The chapter notes that issues of revenue creation enabled by the monopoly over money issue—through debasement and/or inflation—runs through this history, as does the significance of the credibility of the money issuer. An additional theme in the chapter is the role of changing technology of money issue, from the hammered coins of the medieval period, to the milled coins of the early modern period, through paper money issues to cryptocurrencies.


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