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Non-Public Monetary Systems in information Economy

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  • O. Krasilnikov
  • E. Krasilnikova

Abstract

The article discusses the development of non-public monetary systems (NPMS), defined as a specific economic institution. It presents their comparison with public money systems depending on the size of transaction costs. The authors come to the conclusion that in conditions of the information economy on the basis of Internet-technologies NPMS receive a new impetus to their development and can make serious competition in regard to public monetary systems.

Suggested Citation

  • O. Krasilnikov & E. Krasilnikova, 2013. "Non-Public Monetary Systems in information Economy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 5.
    • Handle: RePEc:nos:voprec:y:2013:id:542
    DOI: 10.32609/0042-8736-2013-5-151-159
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