Simple annals of Money
Journal Title: Financial Markets, Institutions and Risks - Year 2017, Vol 1, Issue 4
Abstract
It is the most common notion with us that day by day purchasing power of our currency reduces on time line. It is a fact also. We find views and debate on the issue “Why and how it is so?” I also contemplated on it and I have tried to put my observations and out comes while pondering on the issue. On one part, it is tried to peep into the fetus of the money. On other side, it is tried to locate the foundation of money that determines the reliance of its purchasing power. The influence of parameters that determines the exchange ratio in any exchange process between commodity and money is also considered. It is revealed that human characteristics and overall health of social systems, efficient functioning of social institutions and ethical as well as moral values of members of the society projects grass root influence on determining the exchange value of money for any nation. It is to be noted that money has never a value, but it is evolved with human society where it has exchange value and an exchange value is never a value.
Authors and Affiliations
Harshad Dave
Keywords
Related Articles
- EP ID EP522914
- DOI 10.21272/fmir.1(4).53-64.2017
- Views 57
- Downloads 0
Financial Crises and Nexus Between Economic Growth and Foreign Direct Investment
In this paper, author tried to find relation of foreign direct investment inflows with its determinants like growth rate, interest rate, exchange rate, inflation rate, fiscal deficit, openness in India during 1971-2015 t...
Fiscal Decentralisation as a Factor of Macroeconomic Stability of the Country
The main purpose of the study is the role and effect of fiscal decentralization on macroeconomic stability on key measures that represent different and independent indicators of the degree of fiscal decentralization. It...
Non-bank financial institutions activity in the context of economic growth: cross-country comparisons
The article deals with the analysis of non-bank financial institutions activity on the financial market of Ukraine, their basic progress and co-operating trends with the real sector of economy. The degree of develop-ment...
Financial Support to Small and Medium-Sized Enterprises in Slovakia
The purpose of the paper is to examine the system of small and medium-sized enterprises´ support in Slovakia and to analyze how this support is perceived by the enterprises themselves. In general, there are two forms of...
Views on Value of Gold
Generally people and even economist use word value of gold. It is erroneous use. The status of feeling value in gold has prime six reasons and mostly the influence of gold on the human mind is due to its assured exchange...