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Trade Credit and the Money Market

Authors: Laffer, Arthur B;

Trade Credit and the Money Market

Abstract

We must have a good definition of Money, For if we do not, then what have we got, But a Quantity Theory of no-one-knows what, And this would be almost too true to be funny. Now, Banks secrete something, as bees secrete honey; (It sticks to their fingers some, even when hot!) But what things are liquid and what things are not, Rests on whether the climate of business is sunny. For both Stores of Value and Means of Exchange Include among Assets a very wide range, So your definition's no better than mine. Still, with credit-card-clever computers, it's clear That money as such will one day disappear; Then, what isn't there we won't have to define. [Boulding 1969]

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Powered by OpenAIRE graph
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
21
Average
Top 10%
Average
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