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'''Outside money''' is a term that refers to money that is not a liability for anyone "inside" the economy. It is held in an economy in net positive amounts. Examples are [[gold]] or assets denominated in foreign currency or otherwise backed up by foreign debt, like foreign [[cash]], stocks or bonds. Typically, the private economy is considered as the "inside", so government-issued money is also "outside money." |
'''Outside money''' is a [[terminology| term]] that refers to money that is not a liability for anyone "inside" the economy. It is held in an economy in net positive amounts. Examples are [[gold]] or assets denominated in foreign currency or otherwise backed up by foreign debt, like foreign [[cash]], stocks or bonds. Typically, the private economy is considered as the "inside", so government-issued money is also "outside money." |
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<ref>{{cite web|last=Lagos|first=Ricardo|title=''Inside and Outside Money'',|url=http://www.minneapolisfed.org/research/sr/sr374.pdf|publisher=Federal Reserve Bank of Minneapolis|accessdate=2 April 2012}}</ref> |
<ref>{{cite web|last=Lagos|first=Ricardo|title=''Inside and Outside Money'',|url=http://www.minneapolisfed.org/research/sr/sr374.pdf|publisher=Federal Reserve Bank of Minneapolis|accessdate=2 April 2012}}</ref> |
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Revision as of 01:51, 3 March 2015
Outside money is a term that refers to money that is not a liability for anyone "inside" the economy. It is held in an economy in net positive amounts. Examples are gold or assets denominated in foreign currency or otherwise backed up by foreign debt, like foreign cash, stocks or bonds. Typically, the private economy is considered as the "inside", so government-issued money is also "outside money." [1]
References
- ^ Lagos, Ricardo. "Inside and Outside Money," (PDF). Federal Reserve Bank of Minneapolis. Retrieved 2 April 2012.
See also
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