The Accounting Nature of Money and Claims

This article uses the logic of double-entry bookkeeping, as it is universally used in economic life banks, central banks and companies, to precisely define nature claims money. First, shows that these two forms value are always distinct accounting, but claim by unstable, ambivalent, can evolve towards monetary form under certain conditions. Then, a second step, we show has three sources return for which issued: loan money creation, existing money, forward sale goods. These accounting relationships, fact definition book value, then allow us sketch out an analysis contemporary financial crises how respond them effectively.