期刊名称：Discussion Paper Series / Universität Heidelberg, Department of Economics
出版年度：2015
出版社：Universität Heidelberg, Department of Economics
摘要：At present, the world-economy is exceedingly fragile. Debt levels of nations peak. Monetary assets increase, to o, and concentrate in the hands of few. In this paper, I show that a mechanism at the root of to day's monetary system entails an inherently fragile economy. I simulate the consequences of this mechanism within a macroeconomic model. I motivate a new monetary system that gives money the role it should have: to facilitate complex interactions in a stable environment
关键词：Money; debt; banks and inequality. ; Reform of the monetary system; equity-based money
