A Restatement Of Essential Monetary Theory

Monetary theory is one of the most drastical debate area in economic history. There are many swordplay in monetary theory, these divarication should attribute to the conversion of monetary fuctions.Today, under the condition of financial innovation and developed payment system in internet, Monetary theory should have a better explain. But in practice, the research on the essential monetary theory is not enough . This problem must be pay more attention.We intent to restate these essential monetary theory. Thereinto, monetary fuctions is the foundation.After contrastive research on correlative monetary theories, we will draw conclusions that money was consequentially created is not only for overcoming the difficulty of labour exchange, but for meeting the need of a demand which possess integrated monetary fuctions .In each economic stage, monetary fuctions will change. From...