A new approach to monetary theory and policy: a monetary theory of value
This paper seeks to establish whether the Malaysian ringgit, as a fiat currency, satisfies the store of value function of money. Since the collapse of the gold standard, the migration of the medium of exchange from a commodity standard to fiat money backed by debt, has not only resulted in a signi...
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| Format: | Article |
| Language: | English |
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IDOSI Publications
2014
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| Online Access: | http://irep.iium.edu.my/44666/ http://irep.iium.edu.my/44666/ http://irep.iium.edu.my/44666/ http://irep.iium.edu.my/44666/1/Abdullah%2C_14-2%2C_Malaysia.pdf |