The Design of Monetary Institutions: An Accounting and Economics perspective

Authors

  • Romar Correa University of Mumbai

DOI:

https://doi.org/10.14419/ijaes.v1i1.1044

Published:

2013-06-26

Abstract

We enter meeting ground between two agendas of the heterodox economics programme; the stock-flow-consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy. The objective is to present a National Income accounting approach to two innovations in payments mechanisms: deposit-creating institutions and conditional cash transfers.

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