On money, debt, trust and central banking

On money, debt, trust and central banking

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On money, debt, trust and central banking

BIS Working Papers | No 763 | 11 January 2019by Claudio BorioPDF full text (424kb) | 31 pagesSummaryFocusThe paper discusses the properties of a well functioning monetary system, in both its day-to-day operation and the longer run. It defines a monetary system as money plus the mechanisms for the execution of payments. It draws on theory, history and practical experience.

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