Abstract
This chapter aims to present different perspectives on the theory of money. Firstly, we refer to Eugen von Böhm-Bawerk’s theoretical approach developed in the late 1880s that highlights the concept of interest rate in the context of inter-temporal allocation decisions. Then, we consider John Maynard Keynes’s contribution privileges that money is non-neutral and that the rate of interest is a monetary phenomenon. Finally, we include the Keynesian approach developed by James Tobin to monetary issues in bank money and banking strategies in order to clarify the dynamics of banks’ decisions toward profitable assets.
Keywords: rate, Non-neutrality of money, Process of bank money creation.
Related Books
Progress in Green Economics
Capitalist Realism in Africa: Realities and Myths in Advertising
Digital Currency: An International Legal and Regulatory Compliance Guide
Firms` Strategic Decisions: Theoretical and Empirical Findings
Firms` Strategic Decisions: Theoretical and Empirical Findings
Firms` Strategic Decisions: Theoretical and Empirical Findings
Intellectual Property Basic Manual for Researchers in Universities
.jpg)
Internet Economics: Models, Mechanisms and Management
Learning Why and How: A Reader in Managing Nonprofit and Voluntary Organizations
Markets, Business and Sustainability