Asset-Based Money Systems in a Global Context: Implications for Social Inclusion and Economic Development
Rehana Yamin,
Noman Arshed,
Ejaz Aslam
Abstract:Fiat money based financial system has disturbed the balance between household demand and firm supply. Further, government monetary intervention to curb inflationary demand is hurting production via the cost of capital and disturbing the functionality of the financial system in terms of capital market misallocation. These aspects are trickling down to cause social disturbance in the economy. Corresponding to it, the gold standard or at least assets-based money promotes social inclusion, empowers marginalized co… Show more
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