Autore
Beretta, Edoardo

Titolo
The fourfold relation between the essence of money, inflation, bubbles and debt - A theoretical macrofounded analysis
Periodico
Economic notes
Anno: 2020 - Volume: 49 - Fascicolo: 3 - Pagina iniziale: 12166 - Pagina finale: 12166

The 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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