Payment System and Measurement of Money Supply Cover Image

Платежна система и измерване на паричната маса
Payment System and Measurement of Money Supply

Author(s): Polina Petkova
Subject(s): Economy, Financial Markets, Public Finances
Published by: Институт за знание, наука и иновации ЕООД
Keywords: money; banks; monetary policy; payment system; money supply

Summary/Abstract: The modern world is defined as a world of money, and for some, a world of Divine money, therefore „Money is a kind of deity, and banks are temples of divine money”. Very often they cannot be seen and cannot even be touched, but they actually „rule the world”. The allegory is not accidental, just as it is not accidental and one of the most important postulates, which I can define as an axiom of the modern globalizing market economy - „If something cannot be bought with money, it is always bought with a lot of money.”

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