{"id":"https://openalex.org/W4390283003","doi":"https://doi.org/10.32782/infrastruct75-1","title":"THE THEORY OF MONEY AND CREDIT IN THE VIEWS OF MODERN MONETARISTS","display_name":"THE THEORY OF MONEY AND CREDIT IN THE VIEWS OF MODERN MONETARISTS","publication_year":2023,"publication_date":"2023-01-01","ids":{"openalex":"https://openalex.org/W4390283003","doi":"https://doi.org/10.32782/infrastruct75-1"},"language":"en","primary_location":{"id":"doi:10.32782/infrastruct75-1","doi":"https://doi.org/10.32782/infrastruct75-1","is_oa":true,"landing_page_url":"http://doi.org/10.32782/infrastruct75-1","pdf_url":"https://doi.org/10.32782/infrastruct75-1","source":{"id":"https://openalex.org/S4210216148","display_name":"Market Infrastructure","issn_l":"2519-2868","issn":["2519-2868"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4366065158","host_organization_name":"Black Sea Research Institute of Economy and Innovation","host_organization_lineage":["https://openalex.org/P4366065158"],"host_organization_lineage_names":["Black Sea Research Institute of Economy and Innovation"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Market Infrastructure","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.32782/infrastruct75-1","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5067720178","display_name":"Taras Ivashkiv","orcid":"https://orcid.org/0000-0003-2926-5101","observed_orcids":["https://orcid.org/0000-0003-2926-5101","https://orcid.org/0009-0001-5819-5854"]},"institutions":[{"id":"https://openalex.org/I4400600437","display_name":"King Danylo University","ror":"https://ror.org/0255jh689","country_code":"UA","type":"education","lineage":["https://openalex.org/I4400600437"]}],"countries":["UA"],"is_corresponding":false,"raw_author_name":"Taras Ivashkiv","raw_affiliation_strings":["Danylo University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Danylo University","institution_ids":["https://openalex.org/I4400600437"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5037858929","display_name":"Myroslava Tymots","orcid":"https://orcid.org/0009-0001-0266-1756","observed_orcids":["https://orcid.org/0009-0001-0266-1756"]},"institutions":[{"id":"https://openalex.org/I4400600437","display_name":"King Danylo University","ror":"https://ror.org/0255jh689","country_code":"UA","type":"education","lineage":["https://openalex.org/I4400600437"]}],"countries":["UA"],"is_corresponding":false,"raw_author_name":"Myroslava Tymots","raw_affiliation_strings":["Danylo University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Danylo University","institution_ids":["https://openalex.org/I4400600437"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4400600437"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":"75","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9653000235557556,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9653000235557556,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0272000003606081,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0038999998942017555,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-instruments","display_name":"monetary policy instruments","score":0.8050000071525574},{"id":"https://openalex.org/keywords/money-supply","display_name":"money supply","score":0.6990000009536743},{"id":"https://openalex.org/keywords/credit-supply","display_name":"credit supply","score":0.8259999752044678},{"id":"https://openalex.org/keywords/monetary-theory","display_name":"monetary theory","score":0.4090000092983246},{"id":"https://openalex.org/keywords/central-bank","display_name":"central bank","score":0.5609999895095825},{"id":"https://openalex.org/keywords/electronic-money","display_name":"electronic money","score":0.9459999799728394},{"id":"https://openalex.org/keywords/sticky-prices","display_name":"price stickiness","score":0.7979999780654907},{"id":"https://openalex.org/keywords/menu-costs","display_name":"menu costs","score":0.9980000257492065},{"id":"https://openalex.org/keywords/bank-runs","display_name":"bank runs","score":0.7789999842643738},{"id":"https://openalex.org/keywords/imperfect-information","display_name":"imperfect information","score":0.6340000033378601},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.3619999885559082}],"concepts":[{"id":"https://openalex.org/C54178654","wikidata":"https://www.wikidata.org/wiki/Q373177","display_name":"Monetarism","level":3,"score":0.9300024509429932},{"id":"https://openalex.org/C63999242","wikidata":"https://www.wikidata.org/wiki/Q515911","display_name":"Quantity theory of money","level":3,"score":0.6833664774894714},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6746716499328613},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5698717832565308},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.5306745171546936},{"id":"https://openalex.org/C23952128","wikidata":"https://www.wikidata.org/wiki/Q627543","display_name":"Money market","level":3,"score":0.4944334030151367},{"id":"https://openalex.org/C122941539","wikidata":"https://www.wikidata.org/wiki/Q10836209","display_name":"Electronic money","level":3,"score":0.4894675016403198},{"id":"https://openalex.org/C84666643","wikidata":"https://www.wikidata.org/wiki/Q3725134","display_name":"Endogenous money","level":3,"score":0.4658675193786621},{"id":"https://openalex.org/C119599318","wikidata":"https://www.wikidata.org/wiki/Q1147172","display_name":"Demand deposit","level":3,"score":0.44205403327941895},{"id":"https://openalex.org/C2779971977","wikidata":"https://www.wikidata.org/wiki/Q842206","display_name":"Money supply","level":3,"score":0.41861197352409363},{"id":"https://openalex.org/C201924789","wikidata":"https://www.wikidata.org/wiki/Q6899272","display_name":"Money measurement concept","level":5,"score":0.41348084807395935},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.41260552406311035},{"id":"https://openalex.org/C130625013","wikidata":"https://www.wikidata.org/wiki/Q1323540","display_name":"Velocity of money","level":4,"score":0.32876870036125183},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.20273146033287048},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.1643781065940857}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.32782/infrastruct75-1","doi":"https://doi.org/10.32782/infrastruct75-1","is_oa":true,"landing_page_url":"http://doi.org/10.32782/infrastruct75-1","pdf_url":"https://doi.org/10.32782/infrastruct75-1","source":{"id":"https://openalex.org/S4210216148","display_name":"Market Infrastructure","issn_l":"2519-2868","issn":["2519-2868"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4366065158","host_organization_name":"Black Sea Research Institute of Economy and Innovation","host_organization_lineage":["https://openalex.org/P4366065158"],"host_organization_lineage_names":["Black Sea Research Institute of Economy and Innovation"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Market Infrastructure","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.32782/infrastruct75-1","doi":"https://doi.org/10.32782/infrastruct75-1","is_oa":true,"landing_page_url":"http://doi.org/10.32782/infrastruct75-1","pdf_url":"https://doi.org/10.32782/infrastruct75-1","source":{"id":"https://openalex.org/S4210216148","display_name":"Market Infrastructure","issn_l":"2519-2868","issn":["2519-2868"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4366065158","host_organization_name":"Black Sea Research Institute of Economy and Innovation","host_organization_lineage":["https://openalex.org/P4366065158"],"host_organization_lineage_names":["Black Sea Research Institute of Economy and Innovation"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Market Infrastructure","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4390283003.pdf","grobid_xml":"https://content.openalex.org/works/W4390283003.grobid-xml"},"referenced_works_count":7,"referenced_works":["https://openalex.org/W1997963372","https://openalex.org/W2045570892","https://openalex.org/W2105550582","https://openalex.org/W2123954539","https://openalex.org/W2319213039","https://openalex.org/W2335606055","https://openalex.org/W2593311640"],"related_works":["https://openalex.org/W1816304031","https://openalex.org/W4241948534","https://openalex.org/W2959265394","https://openalex.org/W4312342656","https://openalex.org/W4251630462","https://openalex.org/W2166663411","https://openalex.org/W7041165774","https://openalex.org/W4312875610","https://openalex.org/W3021879817","https://openalex.org/W7100336314"],"abstract_inverted_index":{"The":[0,46,161],"article":[1],"discusses":[2],"the":[3,9,13,16,20,23,31,41,57,60,75,83,149,168,171,177,191,197,209,228,242,248,253,284,287,298,309,319,323,326,330,338,344],"main":[4,47,61],"provisions":[5],"and":[6,30,43,49,68,105,114,144,155,186,202,216,241,262,272,297,308,329,349],"ideas":[7,48],"of":[8,22,34,51,59,103,179,190,199,211,332,346],"new":[10,17,53,101,162,192,254,285],"monetarists.":[11],"Unlike":[12],"\"classical\"":[14],"monetarism,":[15],"one":[18],"is":[19,72,174,258,265,270,289,341],"result":[21],"challenges":[24],"that":[25,56,77,121,170,223,301,311,337],"arise":[26,312],"in":[27,195,247,259],"modern":[28,52,334],"economies":[29],"partial":[32],"inability":[33],"classical":[35,316],"monetary":[36,62,280],"instruments":[37,64],"to":[38,74,108,167,176,230,252,283],"adequately":[39],"influence":[40,218],"money":[42,90,104,122,141,172,257,295,299,320,324,339],"financial":[44,239],"markets.":[45],"approaches":[50],"monetarists":[54,163,335],"are":[55],"use":[58],"policy":[63],"has":[65],"different":[66,127],"efficiency":[67],"time":[69],"lags.":[70],"This":[71],"due":[73],"fact":[76,98,169],"specific":[78],"economic":[79,128,145],"decision":[80],"makers":[81],"at":[82,126],"macro":[84],"level":[85],"make":[86],"decisions":[87],"about":[88],"spending":[89],"or":[91,123,133,159,232],"obtaining":[92],"a":[93],"loan.":[94],"To":[95],"take":[96],"this":[97],"into":[99,276],"account,":[100],"models":[102],"credit":[106,124,307,347],"need":[107,229],"be":[109,119,131,138,274],"created":[110],"using":[111],"microanalysis":[112],"tools":[113],"institutionalism.":[115],"It":[116],"should":[117,273],"not":[118,292],"forgotten":[120],"markets":[125],"levels":[129],"can":[130,137,152,225],"differentiated":[132],"homogeneous,":[134],"so":[135,221],"there":[136],"\"friction\"":[139],"between":[140],"market":[142,173,243,288,351],"participants":[143],"phenomena":[146,178],"or,":[147],"on":[148],"contrary,":[150],"they":[151,206,224],"go":[153],"smoothly":[154],"without":[156,236],"any":[157],"complications":[158],"losses.":[160],"also":[164,305],"drew":[165],"attention":[166],"subject":[175],"\"sticky\"":[180],"prices,":[181],"\"menu":[182],"costs,\"":[183],"bank":[184],"raids,":[185],"\"noise":[187],"search.\"":[188],"Representatives":[189],"monetarism":[193,317],"analyzed":[194],"detail":[196],"role":[198,210],"central":[200,212],"banks":[201,213],"electronic":[203,256],"money.":[204],"As":[205],"point":[207],"out,":[208],"will":[214,219,244],"grow":[215],"their":[217],"become":[220],"significant":[222],"only":[226,293],"announce":[227],"raise":[231],"lower":[233],"interest":[234],"rates":[235],"conducting":[237],"real":[238,271],"transactions,":[240],"do":[245],"everything":[246],"right":[249],"direction.":[250],"According":[251,282],"monetarists,":[255,286],"its":[260,263],"infancy":[261],"potential":[264],"still":[266],"unexplored,":[267],"but":[268,304],"it":[269],"taken":[275],"account":[277],"when":[278],"developing":[279],"policy.":[281],"significantly":[290],"influenced":[291,342],"by":[294,306,343],"transactions":[296],"supply":[300,321,340,345],"serves":[302],"them,":[303],"processes":[310],"around":[313],"it.":[314],"While":[315],"regulates":[318],"through":[322],"supply,":[325],"discount":[327],"rate,":[328],"purchase/sale":[331],"securities,":[333],"believe":[336],"funds":[348],"imperfect":[350],"information.":[352]},"counts_by_year":[],"updated_date":"2026-10-27T15:51:10.671819","created_date":"2023-12-28T00:00:00"}
