credit money

The observation that trust is always required between market participants later led to credit money.

Credit money is created by banks entirely separately from their central bank reserve position.

This is a similar concept to credit money.

That item you think is money is merely credit money.

The availability of Federal tax credit money, which helped pay for renovations, made these vacant properties more valuable still.

Marx was quite aware of the role of credit money, but did not analyze it in depth.

Critics have also complained that much of the tax credit money goes to cover the pay of celebrity actors.

Keen says the solution to this problem is for governments to change dramatically the balance between fiat and credit money in the economy.

Credit money has *nothing* to do with reserves or fractional reserve banking.

Credit money, although expressed in currency units, does not consist of money tokens.

I have in mind the immediate de-localization of credit money, whose localized vulnerability we are currently witnessing.

The fact that credit money is now being jeopardized all over the world by the present crisis in Asia is just one indication of this.

It emphasizes credit money creation by banks.

In this case, credit money precedes reserves.

In theory this means that banks could retain zero reserves, effectively allowing an infinite amount of credit money creation.

Government-controlled money is also postulated to be more stable than credit money or commodity money.

Alongside fiat money, credit money also develops.

Monetary circuit theory was developed in France and Italy, and emphasizes credit money creation by banks.

For years it had sat at home in vaults, and a multiplier had been used to equate it with credit money.

Hence the bourgeoisie's parliamentary democracy ceases to exist, and fiat and credit money are abolished.

In the modern world, the majority of money no longer consists of money tokens, but of credit money.

With the existence of credit money, Wicksell argued, two interest rates prevail: the "natural" rate and the "money" rate.

Already in 1844, long before he wrote Das Kapital, Marx was very aware of credit money.

When he talks of fiat money and credit money, Keen seems to be talking of what used to be called unfunded and funded government debt.

In circuitism, as in other theories of credit money, credit money is created by a loan being extended.