Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/309380 
Year of Publication: 
2020
Citation: 
[Journal:] Finance and Society [ISSN:] 2059-5999 [Volume:] 6 [Issue:] 1 [Year:] 2020 [Pages:] 56-66
Publisher: 
University of Edinburgh, Edinburgh
Abstract: 
This forum contribution explains how analyzing the creation, distribution, and destruction of contemporary credit money is placed centre stage in the emerging field of critical macro-finance. This approach not only involves traditional forms of money but also "shadow money": private credit instruments which are not regulated as money from a legal standpoint, but in many respects are functionally equivalent to "established" forms of money. To connect different positions in this discourse, we propose three core criteria for defining shadow money as a baseline position for future critical macro-financial research.
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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