The renewal of interest in subjectivist economics since the inid 1970s has brought with it the opportunity to apply some of its insights to various fields in econon~ics. One area that has been pursued to a significant extent has been the theory of money. Beginning with Carl Menger'sl theory of money's origin, extending through the contributions of Hutt, Rothbard, White, O'Driscoll, and Selgin2,...

This study examines the behavior of money, inflation, and output under fiat and commodity standards to better understand how changes in monetary policy affect economic activity. Using long-term historical data for 15 countries, the study finds that the growth rates of various monetary aggregates are more highly correlated with inflation and with each other under fiat standards than under commod...

money laundering is a silent crime which crosses international boundaries. modern technology has led to new avenues to disguise the proceeds of crime. the advent of electronic money has meant that tracing the transfer of possibly illicit funds is an extremely difficult if not impossible task. therefore there is a need to take consistent measures against money laundering throughout the world esp...

This paper examines the question of what kind money will govern 21st century by examining developments which characterise this landscape. On basis a review available literature and evidence, it is clear that certain technological innovations, such as movement towards electronic money, undoubtedly change how we operate. However, conclusion in less sanguine regarding prospects global currency, re...