The Nature of Money in a Clearing System. From Liquidity to Liquidness

<span class="abs_content">Keynes' project for an International Clearing Union does not respond only to the economic and political needs of the particular historical moment in which it was conceived, i.e. the establishment of an international money really complementary to nationa...

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Autor principal: Massimo Amato
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Publicado: Coordinamento SIBA 2020
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spelling oai:doaj.org-article:579220b0590d474997f911cf1b77fab32021-11-21T15:11:41ZThe Nature of Money in a Clearing System. From Liquidity to Liquidness1972-76232035-660910.1285/i20356609v13i1p409https://doaj.org/article/579220b0590d474997f911cf1b77fab32020-04-01T00:00:00Zhttp://siba-ese.unisalento.it/index.php/paco/article/view/21995https://doaj.org/toc/1972-7623https://doaj.org/toc/2035-6609<span class="abs_content">Keynes' project for an International Clearing Union does not respond only to the economic and political needs of the particular historical moment in which it was conceived, i.e. the establishment of an international money really complementary to national currencies. With that project, in fact, Keynes conceives a new kind money, whose positive character is to be un-hoardable. The non-hoardability of the bancor raises the issue of the nature of what is commonly known as 'liquidity', and allows not only to distinguish the liquidity that is proper to money from liquidity in general, but also to refine the concept of liquidity in itself. And finally, it allows to think about the very possibility of other forms of monetary complementarity, notably at different local levels.</span><br />Massimo AmatoCoordinamento SIBAarticlekeynesmoneyliquidityclearingcomplementary currenciesPolitical science (General)JA1-92ENPartecipazione e Conflitto, Vol 13, Iss 1, Pp 409-437 (2020)
institution DOAJ
collection DOAJ
language EN
topic keynes
money
liquidity
clearing
complementary currencies
Political science (General)
JA1-92
spellingShingle keynes
money
liquidity
clearing
complementary currencies
Political science (General)
JA1-92
Massimo Amato
The Nature of Money in a Clearing System. From Liquidity to Liquidness
description <span class="abs_content">Keynes' project for an International Clearing Union does not respond only to the economic and political needs of the particular historical moment in which it was conceived, i.e. the establishment of an international money really complementary to national currencies. With that project, in fact, Keynes conceives a new kind money, whose positive character is to be un-hoardable. The non-hoardability of the bancor raises the issue of the nature of what is commonly known as 'liquidity', and allows not only to distinguish the liquidity that is proper to money from liquidity in general, but also to refine the concept of liquidity in itself. And finally, it allows to think about the very possibility of other forms of monetary complementarity, notably at different local levels.</span><br />
format article
author Massimo Amato
author_facet Massimo Amato
author_sort Massimo Amato
title The Nature of Money in a Clearing System. From Liquidity to Liquidness
title_short The Nature of Money in a Clearing System. From Liquidity to Liquidness
title_full The Nature of Money in a Clearing System. From Liquidity to Liquidness
title_fullStr The Nature of Money in a Clearing System. From Liquidity to Liquidness
title_full_unstemmed The Nature of Money in a Clearing System. From Liquidity to Liquidness
title_sort nature of money in a clearing system. from liquidity to liquidness
publisher Coordinamento SIBA
publishDate 2020
url https://doaj.org/article/579220b0590d474997f911cf1b77fab3
work_keys_str_mv AT massimoamato thenatureofmoneyinaclearingsystemfromliquiditytoliquidness
AT massimoamato natureofmoneyinaclearingsystemfromliquiditytoliquidness
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