Concept information
Preferred term
money and banking
Definition
- Throughout history, the state has typically monopolized the issuance of money. The various royal mints were once the exclusive sources of silver and gold coins, whereas today the national central banks alone are empowered to issue fiat currency. [Source: The Encyclopedia of Libertarianism; Money and Banking]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/money_and_banking
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