monetary economy


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monetary economy

an economy that is characterized by the use of MONEY as a medium of exchange and store of value. Contrast BARTER.
References in periodicals archive ?
The monetary economy was at a low ebb in the early Middle Ages (5th to 12th centuries), yet it persisted: people continued to think in terms of monetary units, and - even if often on a small scale - exchanged gold and silver pieces that gave physical form to those units.
SECO has provided technical assistance in such areas as inflation forecasting, interest rate transmission, financial stability, exchange rate policy and monetary economy, and the creation of an extensive monitoring system for the real sector of economy.
Museums have the capacity to utilize this influence in boosting the so-called "symbolic economy": "Symbolic practices of culture are also productive activities of a monetary economy" (SAGE knowledge).
They will cover the topics concerning NBS functions and mandate, monetary economy, financial stability and supervision of financial institutions.
Proposition 4 The welfare of the monetary economy is
The 46th issue of Semestre Economico includes seven articles of institutions from Argentina, Ecuador and Colombia, in which research results and reflections of researchers on economic topics such as regional development, economy and armed conflict, monetary economy, informal economy and financial economy are presented.
The latter will appreciate Fried's book more for its breadth, a narrative that prioritizes intellectual and cultural history no less than political, and its revelation that globalization, reason, nationhood, and the monetary economy all have their origins in medieval Europe.
It considers the essential characteristics of the Chinese monetary economy, with comparison to those of the US; endogenous factors of the monetary policy transmission mechanism and the impact of changes in relative commodity prices, money circulation velocity, commercial bank loan supply, and the credit capacity of enterprises on monetary shock transmission; the impact of cost-push and demand-pull inflation since the 1950s; and challenges and responses to China's monetary policy under the open economy.
Chapter 5 deals with Keynes's and Friedman's views about the mechanisms of a monetary economy. In Keynes's approach, according to Rivot (111), the interest rate (as given by the money market) determines real economic variables like the marginal product of capital.
Although the Greeks were not empire-builders, they traded extensively and spread a monetary economy through Eurasia, and their poets and philosophers became highly respected far beyond the borders of their homeland.
* Roger Farmer, "Global Sunspots and Asset Prices in a Monetary Economy" (NBER Working Paper No.
A monetary economy routinely entails risks, above all the chance that financial commitments will not be honoured, or anticipated monetary returns not received, or liquidity not satisfactory; and these together render the conventional liberal postulation of equilibrating tendencies preposterous.