JOURNAL ARTICLE
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Monetary Systems and Monetary Theory
Credit and Capital Markets – Kredit und Kapital, Vol. 32 (1999), Iss. 2 : pp. 192–208
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Filippo Cesarano, Rome
References
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Abstract
The evolution of monetary arrangements is analyzed from a theoretical perspective showing that, together with technology, the theory of money is an essential factor in the development of monetary institutions. The diffusion of non-tangible payment media will impinge on the monetary system, possibly allowing for the reestablishment of some of the positive features that characterized commodity standards. (JEL E42, F33)