Not all money is created equal: The concept of a hierarchy of money

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F24%3A00139603" target="_blank" >RIV/00216224:14560/24:00139603 - isvavai.cz</a>

Výsledek na webu

<a href="https://sciendo.com/article/10.2478/revecp-2024-0004" target="_blank" >https://sciendo.com/article/10.2478/revecp-2024-0004</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/revecp-2024-0004" target="_blank" >10.2478/revecp-2024-0004</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Not all money is created equal: The concept of a hierarchy of money

Popis výsledku v původním jazyce

The concept of a hierarchy of money or the idea that a number of instruments constitute money and that they are hierarchically related to one another is relatively recent and yet quite widespread. However, it is argued, that its comprehension differs. The most elaborated cases in which differing treatments of the term can be found are Modern Money Theory (MMT) and the Money View. At first sight, the MMT’s model of money hierarchy focuses on a hierarchy within a specific unit of account whereas the Money View perceives hierarchy not only within an individual unit of account but also across various units of accounts. But, as is shown, differences are more fundamental. It is argued that different comprehension can be explained by the different distinctions between money and credit and concept of monetary sovereignty within each approach rather than the concept of hierarchy itself. The concept of hierarchy acts, in fact, as a framework that ensures consistency in the use of different money instruments on those level.

Název v anglickém jazyce

Not all money is created equal: The concept of a hierarchy of money

Popis výsledku anglicky

The concept of a hierarchy of money or the idea that a number of instruments constitute money and that they are hierarchically related to one another is relatively recent and yet quite widespread. However, it is argued, that its comprehension differs. The most elaborated cases in which differing treatments of the term can be found are Modern Money Theory (MMT) and the Money View. At first sight, the MMT’s model of money hierarchy focuses on a hierarchy within a specific unit of account whereas the Money View perceives hierarchy not only within an individual unit of account but also across various units of accounts. But, as is shown, differences are more fundamental. It is argued that different comprehension can be explained by the different distinctions between money and credit and concept of monetary sovereignty within each approach rather than the concept of hierarchy itself. The concept of hierarchy acts, in fact, as a framework that ensures consistency in the use of different money instruments on those level.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

<a href="/cs/project/GA21-25233S" target="_blank" >GA21-25233S: Koncept struktury a společenská ontologie Cambridgeské skupiny</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

REVIEW OF ECONOMIC PERSPECTIVES

ISSN

1213-2446

e-ISSN

1804-1663

Svazek periodika

24

Číslo periodika v rámci svazku

2-3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

18

Strana od-do

57-74

Kód UT WoS článku

001350380500001

EID výsledku v databázi Scopus

2-s2.0-85209625256