Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been … money. Is that because quantities of money are irrelevant to economic activity? To examine the role of monetary quantities … Singapore, this paper applies the user cost of money formula and the recently developed credit-card-augmented Divisia monetary …

This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her … means-of-payment function of money, that it considers money as a pure asset, that it does not distinguish between inside and … outside money, and that it does not distinguish between money and the monetary base. Second, Drumetz/Pfister (2021) falsely …

The paper depicts the history of using money in Montenegro covering the period before the Christ until nowadays …, and even the Napoleon (French gold coin) money. The first ideas for Montenegro’s own money came from the Bishop Petar … Petrovic Njegoš in the 19th century. The first Montenegrin money, the Perper, was minted in 1906. The King Nikola's Decree as …

monthly data on the components of broad money over the period 2001 M12 - 2017 M12 for 39 high income countries. We group the …

since the mid-1970s. Traditional forms of money demand and quantity theory relationships have remained stable over the whole … period. Broad money excesses over trend values, accounting for a secular decline in interest rates and thus in trend velocity …, have been followed by persistently higher inflation and output with the usual monetary policy transmission lags. Money and …

, an aspect of Swiss monetary targeting that has received little attention in the existing literature. I show that money …