Abstract
Domestic money is conceived of by society as a device to facilitate transactions in the marketplace, as a temporary store of value, and as a unit of account for contracts. Given the possibilities of fraud and counterfeiting, domestic monetary authorities have been established to regulate the quality of the domestic monetary unit in most countries. Such regulations attempt to guarantee the interchangeability of the different media, such as currency and the deposits of different banks, as well as stability in the value of the monetary unit, under conditions of prosperity.
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Black, S.W. (2016). international monetary institutions. In: Jones, G. (eds) Banking Crises. Palgrave Macmillan, London. https://doi.org/10.1057/9781137553799_19
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DOI: https://doi.org/10.1057/9781137553799_19
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