Home  Journals  Finance and Credit  14(542) - 2013 April

World financial crises as a consequence of neglecting the savings function of money

Available online: 11 April 2013

Subject Heading: MONETARY CIRCULATION

JEL Classification: 

In the article it is noted that money finally came off real goods, and the wealth appears in the form of financial assets – documentary confirmed rights to possibility of any actions in the financial markets. The rights to commission of any actions are on sale and bought – the era of financial capitalism. Constant speculative "bubbles", taking away on itself excess liquidity, in practice often withdraw the real savings. Many economists don't make thus accurate explanations how to limit the excess monetary offer with the simultaneous high-quality growth of world economy on the basis of savings function of money.

Keywords: financial assets, safety of savings

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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