An Integrated Perspective on Money, Trust, and Banking

  • Guido K. Schaefer


The analysis in this monograph provides a theoretical outline for an integrated theory of money and banking building upon the problem of trust in exchange. It was shown that this approach has the potential to explain a role for money and allows to integrate monetary analysis into the broader framework of contemporary banking theory. The basic question why money is used was demonstrated to have far-reaching consequences for the specific institutional structure how money is provided and managed such that a role for banks emerged in the search for efficient ways of dealing with the problem of lack of trust in exchange.


Central Bank Integrate Perspective Debt Contract Monetary Model Monetary Theory 
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Copyright information

© Guido. K. Schaefer 2005

Authors and Affiliations

  • Guido K. Schaefer
    • 1
  1. 1.Vienna University of Economics and Business AdministrationAustria

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