Autore:
Beretta, Edoardo Titolo:
The fourfold relation between the essence of money, inflation, bubbles and debt - A theoretical macrofounded analysisPeriodico:
Economic notesAnno:
2020 - Volume:
49 - Fascicolo:
3 - Pagina iniziale:
12166 - Pagina finale:
12166The paper makes an unprecedented claim by identifying a significant relationship between money's (immaterial and intrinsic-worth-detached) essence and the measurement of inflation rates, on the one hand, and bubbles and private/public indebtedness, on the other hand. The inflationary potential of cryptocurrencies—among others: xenocurrencies and special drawing rights—is also analysed. Another added value is the consistently macroeconomic approach, which starts from the structural and interconnected mechanisms and then explains economic-financial crises and their increasingly common features
SICI: 0391-5026(2020)49:3<12166:TFRBTE>2.0.ZU;2-B
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