Abstract
When money is defined as notes and coins plus bank deposits a distinguishing feature of most economies is that money is the only good which can be bought and sold for all other goods. The institution of money is the one basic fundamental feature shared by a wide range of economies, including those in the communist bloc, and clearly the first task of any monetary economist is to explain why so many economies have found it convenient to use the same institution.
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Bibliography
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© 1979 R. W. Evans and G. H. Makepeace
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Evans, R.W., Makepeace, G.H. (1979). Money. In: Monetary Theory, Institutions and Practice: An Introduction. Palgrave, London. https://doi.org/10.1007/978-1-349-16202-4_1
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DOI: https://doi.org/10.1007/978-1-349-16202-4_1
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-25333-5
Online ISBN: 978-1-349-16202-4
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