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An Integrated Perspective on Money, Trust, and Banking

In: Money, Trust, and Banking

Author

Listed:
  • Guido K. Schaefer

    (Vienna University of Economics and Business Administration)

Abstract

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.

Suggested Citation

  • Guido K. Schaefer, 2005. "An Integrated Perspective on Money, Trust, and Banking," Palgrave Macmillan Books, in: Money, Trust, and Banking, chapter 11, pages 149-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51326-6_11
    DOI: 10.1057/9780230513266_11
    as

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