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F63 1 O16 1 currency hierarchy 1 dollarisation 1 underdevelopmentE42 1
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Herr, Hansjörg 1 Nettekoven, Zeynep 1
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European Journal of Economics and Economic Policies: Intervention (EJEEP) 1
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EconStor 1
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Currency hierarchy and underdevelopment
Herr, Hansjörg; Nettekoven, Zeynep - In: European Journal of Economics and Economic Policies: … 19 (2022) 2, pp. 238-259
Money in capitalism is a social force which exists not only on the level of wealth owners, but is also a force which stimulates economic development (or fails to do so). According to Hajo Riese the asset-protecting function of money, which can be expressed in a liquidity premium, indicates...
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