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Artículos de revistas sobre el tema "The function of money"

Autor: Grafiati

Publicado: 28 de mayo de 2022

Última modificación: 30 de julio de 2025

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1

Кучеров, Илья, and Ilya Kuchyerov. "Essence, Functions and Legal Forms of Funds." Journal of Russian Law 4, no. 9 (2016): 0. http://dx.doi.org/10.12737/21222.

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The article attempts to identify existing legal forms of funds through the prism of the performance of the basic functions. It explains fundamental role money has to play: a function of medium of exchange, a measure of value, means of accumulation, means of payment and the function of world money. The function of medium of exchange involves the use of funds in the area of trading. Use of money as a common counting unit is connected with the economical function of the measure of value. This function means that money serves as the universal means of indicating the price of goods, works and servi

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2

Nola Adilla and Aidil Alfin. "Analisis Persepsi Masyarakat Mengenai Fungsi Uang Perspektif Ekonomi Islam." Jurnal Penelitian Ilmu Ekonomi dan Keuangan Syariah 1, no. 3 (2023): 48–57. http://dx.doi.org/10.59059/jupiekes.v1i3.274.

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In the perspective of Islamic economics, there are only 2 functions of money, namely money as a unit of value and money as a medium of exchange. There are 4 functions of money in a conventional economic system, namely money as a unit of account, money as a unit of exchange but in a conventional economic system, money does not only function as a valid medium of exchange but also as goods that can be traded or to make a profit, money as a storage unit. value, money as the standard unit of payment in the future. This study aims to find out how the perceptions of the Bukittinggi community regardin

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3

Marsinah, Marsinah, Fitria Marisya, and R. A. Rodia Fitri Indriani. "The Function and Role of Money: Analysis in Islamic Economic Studies as a Unit of Value and as a Medium of Exchange." Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah 9, no. 2 (2024): 379–90. http://dx.doi.org/10.36908/isbank.v9i2.1052.

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In Islamic economic studies, there are only 2 functions of money: money as a unit of value and money as a medium of exchange. There are four functions of money in the conventional economic system: money as a unit of calculation, money as a unit of exchange, but in conventional principles, money not only functions as a legal medium of exchange but also as goods that can be traded or to get profits, money as a unit of store of value, and money as a standard unit of payment in the future. This study aims to find out how the people of Bukittinggi perceive the function of money from an Islamic econ

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4

HAMBURGER, MICHAEL J. "A STABLE MONEY DEMAND FUNCTION." Contemporary Economic Policy 5, no. 1 (1987): 34–40. http://dx.doi.org/10.1111/j.1465-7287.1987.tb00242.x.

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5

Коробейников, Д. А. "INFORMATION FUNCTION OF DIGITAL MONEY." Вестник Тверского государственного университета. Серия: Экономика и управление, no. 1(61) (March 28, 2023): 7–14. http://dx.doi.org/10.26456/2219-1453/2023.1.007-014.

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Цель статьи – проанализировать возможные изменения функций денег, связанные с появлением новой формы фиатных денег – цифровых валют центральных банков. Выдвинута гипотеза, что развитие цифровых финансовых технологий не меняет сущность традиционных функций денег, но усиливает их информационное содержание. Научная новизна исследования связана с дополнением информационной функции цифровых денег новыми институциональными и технологическими особенностями, проявляющимися в компьютерной алгоритмизации инструментов контроля денежного обращения и целевых параметров транзакций, а также автоматизации их

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6

Adriansyah, Henry Martin. "UANG PERSPEKTIF EKONOMI ISLAM." SHARING: JOURNAL OF ISLAMIC ECONOMICS, MANAGEMENT AND BUSINESS 2, no. 2 (2023): 41–50. http://dx.doi.org/10.31004/sharing.v2i2.19745.

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In Islamic economics, the motives that influence a person to have money are justified only for transactions and precautions. In Islam, someone having money for speculation is prohibited because money according to Islam is only a medium of exchange and a standard of value, so al-Ghazali argued that trading money with money is prohibited because it will imprison the function of money as a medium of exchange. If money can buy or be purchased with other money, then money no longer functions as a medium of exchange but as a commodity. This is prohibited in Islam. Based on his theory about the funct

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7

Vukovic, Marija, Ljiljana Miletic, and Jelena Maravic. "Estimation of money demand function for reserve money in Serbia." Industrija 44, no. 4 (2016): 141–57. http://dx.doi.org/10.5937/industrija44-11952.

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8

Rahayu Indah Anggraeni, Dini Astri Wijayanti, and Eva Dwi Kurniawan. "Implementasi Fungsi Uang Pada Sistem Perekonomian Dalam Novel Negeri Para Bedebah Karya Tere Liye." Jurnal Manajemen dan Ekonomi Kreatif 2, no. 1 (2023): 80–88. http://dx.doi.org/10.59024/jumek.v2i1.279.

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This research aims to describe the function of money in the world economy using the novel Negeri Para Bedebah by Tere Liye. The research method used in studying the novel Negeri Para Bedebah is a qualitative descriptive method, this method contains quotes from the novel which can provide an overview of the presentation of research results. The theory used in this research is based on the Function of Money theory (Gilarso: 2004). The object of this research is the function of money in the world economy in the novel Negeri Para Bedebah by Tere Liye. The results of the research show that there ar

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9

Wang, Guogang. "Marx’s monetary theory and its practical value." China Political Economy 2, no. 2 (2019): 182–200. http://dx.doi.org/10.1108/cpe-10-2019-0026.

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Purpose Marx’s monetary theory is an important part of Marxist economics and an irreplaceable milestone in the intellectual history of the monetary theory. The purpose of this paper is to summarize the main content of Marx’s monetary theory from three aspects: the source and nature of money, the function of money and the historical significance of money. Design/methodology/approach Moreover, this paper also gives an extended understanding of Marx’s monetary theory from four perspectives: the endogenous credit mechanism of money, the functions of money and demands for money, the financial funct

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10

Żyżyński, Jerzy. "Kryzys jako skutek kryzysu funkcji pieniądza i kryzysu instytucji." Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace 1, no. 3 (2015): 13–34. http://dx.doi.org/10.33119/kkessip.2015.1.3.1.

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11

Navarro-González, Francisco J., and Yolanda Villacampa. "A Foundation for Logarithmic Utility Function of Money." Mathematics 9, no. 6 (2021): 665. http://dx.doi.org/10.3390/math9060665.

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This paper presents a study on the optimization problem of a consumer’s choice constrained to a single time interval. In this problem, the choice is made over a set of perishable goods such that they do not retain value at the end of the period. Money has been introduced as the only means available to store that value for the future. Thus, consumer utility is measured on the possible combinations of goods consumed during the period and money held at the end of the period. Additionally, a set of simple conditions are assumed to the utility functions for goods and money given by: (1) Existence o

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12

Nyumuah, Felix S. "The Impacts of Interest Rate and Exchange Rate Volatilities on the Demand for Money in Developing Economies." International Journal of Economics and Finance 10, no. 3 (2018): 56. http://dx.doi.org/10.5539/ijef.v10n3p56.

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Volatilities in the interest rate and the exchange rate cause instability in money demand functions. This study investigates the effect of interest and exchange rates volatilities on money demand in developing countries using time series data of four African countries namely, Equatorial Guinea, Gambia, Nigeria and Uganda. The model used is a conventional log linear money demand function, with money demand specified as a function of income, interest rate, inflation rate, exchange rate, interest rate volatility and exchange rate volatility. The results show that on the whole the interest rate an

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13

Nguyen, Anh Quoc, and Thi Dinh Phạm. "BASIC FUNCTIONS OF THE STATE." Global Journal of Arts Humanity and Social Sciences 4, no. 2 (2024): 144–49. https://doi.org/10.5281/zenodo.10686295.

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The state is a human product, so the state is a human creation. Since people are products of the state, they have state instincts. Human creativity becomes the instinct of the state. The existence of the state is an instinct, it possesses people without knowing enough, without knowing how to stop, always feeling lacking. The state's human possession in various forms can become wars of invasion and anti-invasion, causing society to divide into the ruling and dominated classes, civil servants, and citizens. But all are human, making the function of protecting human rights, survival, and maintain

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14

Fendt, Roberto. "The Ontology and Function of Money:." MISES: Interdisciplinary Journal of Philosophy, Law and Economics 4, no. 1 (2016): 295–98. http://dx.doi.org/10.30800/mises.2016.v4.849.

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15

Sephton, Peter S. "Money in the production function revisited." Applied Economics 20, no. 7 (1988): 853–60. http://dx.doi.org/10.1080/00036848800000011.

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16

Sumner, Michael. "Leakages from the money demand function." Applied Economics 23, no. 3 (1991): 531–34. http://dx.doi.org/10.1080/00036849100000029.

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17

Harb, Nasri, and Mohammed Nur Hussain. "Money demand function in SAARC countries." International Journal of Economics and Business Research 7, no. 4 (2014): 444. http://dx.doi.org/10.1504/ijebr.2014.062907.

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18

Budylin, S. L. "Money: Economic Function and Legal Nature." Herald of Economic Justice 18, no. 7 (2023): 121–64. http://dx.doi.org/10.37239/2500-2643-2023-18-7-121-164.

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19

Aşık, Bekir. "Uncertainty and Money Demand Function in Developing Countries." World Journal of Applied Economics 10, no. 2 (2024): 111–36. http://dx.doi.org/10.22440/wjae.10.2.5.

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As monetary policy authorities influence many macroeconomic variables by determining monetary aggregates, their relationships with other macroeconomic variables are critical in setting the most appropriate monetary policy rules. Identifying the variables affecting money demand and having a stable money demand function is essential for monetary policy. This paper examines the stability of the money demand function for 12 developing countries over the sample 2006.Q1-2023.Q3. We employ the Autoregressive Distributed Lag Model and the Cross-Sectionally Autoregressive Distributed Lag Model because

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20

GEYNTS, Yu S. "FUNCTIONS OF MONEY AS A LEVER OF INFLUENCE ON THE ECONOMIC SECURITY OF THE COUNTRY." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1, no. 5 (2021): 98–103. http://dx.doi.org/10.36871/ek.up.p.r.2021.05.01.012.

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The article substantiates the functions of money as a lever of influence on the economic security of the country. The different positions of economists in relation to the classifications of the functions of money are demonstrated. Based on these positions, the relationship between the origin and functions of money is shown. The results of two theories of the origin of money from their functions are shown. The first is money as an instrument of exchange. The second is money as a measure of value. A position is demonstrated that considers the generally recognized leading role of the function of

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21

Bhatta, Siddha Raj. "Stability of Money Demand Function in Nepal." Banking Journal 3, no. 1 (2013): 1–27. http://dx.doi.org/10.3126/bj.v3i1.7508.

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This paper examines the long-run stability issue of money demand function in Nepal using the annual data set of 1975-2009 by using the recently developed ARDL modelling to cointegration popularized by Pesaran and Shin (1999). The bounds test shows that there exists the long-run cointegrating relationship among demand for real money balances, real GDP, and interest rate in case of both narrow and broad monetary aggregates. Further, the CUSUM and CUSUMSQ test reveal that both the long-run narrow and broad money demand functions are stable. The results show that demand for money balance in Nepal

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22

Guse, Eran, and David W. Brasfield. "A Generalized Exposition of Money Creation in the Money and Banking Course." American Economist 65, no. 2 (2019): 244–63. http://dx.doi.org/10.1177/0569434519891974.

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Since the Great Recession, monetary policy conducted by the U.S. Federal Reserve and other central banks has changed. However, the discussion regarding money creation and the money multiplier has not been altered in undergraduate money and banking textbooks. We suggest a change to the presentation of money creation by first removing the use of T-accounts and replacing them with a visual representation known as the money production diagram. We then present a money production function that is much like a standard production function as described in principles courses. The money multiplier is rep

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23

Adil, Masudul Hasan, Neeraj Hatekar, and Pravakar Sahoo. "The Impact of Financial Innovation on the Money Demand Function: An Empirical Verification in India." Margin: The Journal of Applied Economic Research 14, no. 1 (2020): 28–61. http://dx.doi.org/10.1177/0973801019886479.

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Traditional money demand functions are often criticized for persistent over-prediction, implausible parameter estimates, highly serially correlated errors and unstable money demand. This study argues that some of these problems may have emerged for the lack of factoring financial innovation into the money demand function. This study estimates money demand for India during the post-reform period, from 1996:Q2 to 2016:Q3. The money demand function is estimated with the linear ARDL approach to cointegration developed by Pesaran, Shin, & Smith (2001), Bounds testing approaches to the analysis

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24

Al Rasasi, Moayad H. "Assessing the Stability of Money Demand Function in Saudi Arabia." International Journal of Economics and Financial Research, no. 62 (February 15, 2020): 22–28. http://dx.doi.org/10.32861/ijefr.62.22.28.

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This paper aims to investigate the stability of money demand function for Saudi Arabian economy over the period of 2007:Q1-2018:Q4 by applying various structural break tests. The obtained results from the utilized tests reveal the stability of money demand function. The estimated money demand function also shows the impact of income on money demand is consistent with theory expectations in addition to the positive impact of exchange rate and interest rate on the demand for money. Moreover, the estimated error correction model indicates that money demand needs about 5 quarters to adjust to its

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25

Budha, Birendra Bahadur. "An Empirical Analysis of Money Demand Function in Nepal." NRB Economic Review 23, no. 1 (2011): 54–70. http://dx.doi.org/10.3126/nrber.v23i1.52751.

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This paper analyzes the money demand function for Nepal during the period of the FY 1997/98 to FY 2009/10 using annual data. The empirical results imply that the cointegration tests clearly show the existence of the long-run relationship between real money balances and its determinants, output and interest rate. The vector error correction model has proved the short-run relationship between the real money balances and its determinants. Furthermore, Dynamic OLS estimation of the money demand function indicate that the sign of coefficients of the output and interest rate were found to be consist

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Kasim, Aminuddin, and Supriyadi Supriyadi. "Money Politics Pada Pemilu 2019." Jurnal Adhyasta Pemilu 2, no. 1 (2021): 19–33. http://dx.doi.org/10.55108/jap.v2i1.36.

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The one of legal functions performed by the Election Law is the function of controlling behavior in the context of social and political life . To carry out this function , the Election Law formulates imperative norms so that political behavior complies with election law . The imperative norm is in the form of rules that prohibit money politics during the campaign , the quiet period and when the ballot takes place . Then, if there is a violation of the rule of law , the culprit will face legal proceedings to obtain criminals sanctions in the form of prisons and fines. Identification of the prob

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27

Opayev, Asan Aymanovich. "FUNCTIONS OF MONEY IN DETERMINING THE ESTIMATED VALUE." EURASIAN JOURNAL OF ACADEMIC RESEARCH 3, no. 6 (2023): 222–26. https://doi.org/10.5281/zenodo.8063857.

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This article provides a comparative analysis of the function of value measurement of money, the function of the means of circulation, the function of the means of payment, the function of the means of accumulation, as well as the commodity theory of money and other theories. The article also compares and analyzes issues such as the important and fundamental funuses of money, the view of money as a commodity, and the related commodity theory of money, the basis of the commodity theory of value on labor theory, among others, with the views of scientists in the field.

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28

Nwachukwu, Udochuwu G., Nwigboji E. Egbeoma, and Friday Nkwede. "Rethinking money demand function in Nigeria using Toda-Yamamoto Approach." African Journal of Social Issues 4, no. 1 (2022): 123–49. http://dx.doi.org/10.4314/ajosi.v4i1.7.

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This study examined the demand for money in Nigeria from 1980 to 2019, employing various techniques of econometric analysis. The study was motivated to determine whether Keynes liquidity preference theory holds in Nigeria and to ascertain whether money demand function is stable in Nigeria. The Augmented Dickey Fuller (ADF) unit root test showed that the variables were stationary at different levels. The test of stability showed that the estimated parameters for the study are stable within the period under study. Thus, money demand function is stable in Nigeria. Considering a year period lag in

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29

Lemke, Christina M. "Function follows Form or Form follows Function – The Legal Nature of CBDC." European Property Law Journal 12, no. 2-3 (2023): 211–79. http://dx.doi.org/10.1515/eplj-2023-0007.

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Abstract 211Central Bank Digital Currency (CBDC) is often described as the future of money, pictured to function as a new, widely adopted means of payment. Whilst economic and public law implications of CBDC issuance have received close scrutiny, private law issues – especially the question of CBDC’s legal nature – have received little attention. This is surprising, given that the function of money as a means of payment is primarily shaped by the private law framework. So far, this framework is tailored to money’s specific forms of appearance, either as (tangible) property or as (intangible) c

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30

Ali, Guma, Mussa Ally Dida, and Anael Elikana Sam. "Two-Factor Authentication Scheme for Mobile Money: A Review of Threat Models and Countermeasures." Future Internet 12, no. 10 (2020): 160. http://dx.doi.org/10.3390/fi12100160.

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The proliferation of digital financial innovations like mobile money has led to the rise in mobile subscriptions and transactions. It has also increased the security challenges associated with the current two-factor authentication (2FA) scheme for mobile money due to the high demand. This review paper aims to determine the threat models in the 2FA scheme for mobile money. It also intends to identify the countermeasures to overcome the threat models. A comprehensive literature search was conducted from the Google Scholar and other leading scientific databases such as IEEE Xplore, MDPI, Emerald

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Kerdpitak, Chayanan. "Demand for Money Function in Case of Philippines: An Empirical Analysis." Research in World Economy 11, no. 1 (2020): 220. http://dx.doi.org/10.5430/rwe.v11n1p220.

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An effective formulation of monetary policy provides an empirical and coherent model of money related with demand. In order for the monetary authorities to understand the demand for the purpose of money function, the steadiness of money demand is important as it leads towards an application of efficient monetary policy. In order to examine the stability of money demand function of Philippines, following study was conducted with broad money, real asset price index, GDP deflator, real GDP, long-term interest rate and short-term interest rate. For empirical investigation, unit root test, cointegr

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., Syed F. Mahmud. "Monetary Aggregation and Money in Production Function." Journal of Applied Sciences 2, no. 2 (2002): 270–72. http://dx.doi.org/10.3923/jas.2002.270.272.

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Tumturk, Oguz. "Stability of Money Demand Function in Turkey." Business and Economics Research Journal 8, no. 1 (2017): 35–48. http://dx.doi.org/10.20409/berj.2017126243.

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Cheong Tang, Tuck. "Money demand function for Southeast Asian countries." Journal of Economic Studies 34, no. 6 (2007): 476–96. http://dx.doi.org/10.1108/01443580710830952.

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Harb *, Nasri. "Money demand function: a heterogeneous panel application." Applied Economics Letters 11, no. 9 (2004): 551–55. http://dx.doi.org/10.1080/1350485042000225739.

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Elyasiani, Elyas, and Hadi Movaghari. "Money demand function with time-varying coefficients." Quarterly Review of Economics and Finance 98 (December 2024): 101914. http://dx.doi.org/10.1016/j.qref.2024.101914.

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Komp, Lori N., and Kent A. Walstrom. "Perceptions about Electronic Money: Form and Function." Journal of Computer Information Systems 39, no. 2 (1999): 15–25. http://dx.doi.org/10.1080/08874417.1999.11647385.

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Leventakis, John A., and Sophocles N. Brissimis. "INSTABILITY OF THE U.S. MONEY DEMAND FUNCTION." Journal of Economic Surveys 5, no. 2 (1991): 131–61. http://dx.doi.org/10.1111/j.1467-6419.1991.tb00130.x.

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Alcantud, J. C. R., and A. Manrique. "Continuous representation by a money-metric function." Mathematical Social Sciences 41, no. 3 (2001): 365–73. http://dx.doi.org/10.1016/s0165-4896(00)00072-x.

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40

Bae, Youngsoo, and Robert M. de Jong. "Money demand function estimation by nonlinear cointegration." Journal of Applied Econometrics 22, no. 4 (2007): 767–93. http://dx.doi.org/10.1002/jae.915.

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Soebagiyo, Daryono. "PERANAN PENDAPATAN RIIL, TINGKAT BUNGA DAN INFLASI DALAM FUNGSI PERMINTAAN UANG." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 4, no. 1 (2017): 30. http://dx.doi.org/10.23917/jep.v4i1.4015.

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This writing to see problem of real income, inflation, and interest rate in money demand function. There are some perception similarities that money demand largely depends on the income or GNP (Gross National Product), besides other factors involved, like interest and inflation rates. However, to make and estimation about money demand in and economic system, it will involved some interrelated problems. (I) The definition of the most suitable money, (2) argumentation about money demand function, (3) the stability of the function statistically from period to period.The writer persons a study mod

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42

БУНИЧ, Г. А., and Е. С. СОКОЛОВА. "DEPENDENCE OF FUNCTIONS AND FORMS OF MONEY." Экономика и предпринимательство, no. 2(151) (May 31, 2023): 318–21. http://dx.doi.org/10.34925/eip.2023.151.2.064.

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В статье рассматриваются этапы исторической эволюции форм денег, а также функций денег. Присущих тем или иным формам. Основная функция денег – деньги как всеобщий эквивалент стоимости, явилась определяющей на этапе создания денег и затем на всех этапах социально-экономического развития общества. Производные функции денег: средство платежа, накопления, сбережения, мировые деньги, зависят от формы денег и могут отсутствовать. Это зависит от обеспеченности денег; социально-экономическими отношениями в обществе; уровнем развития международных экономических отношений, финансовых и IT-технологий. Вв

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43

Kapingura, Forget Mingiri. "The Stability Of The Money Demand Function In South Africa: A VAR-Based Approach." International Business & Economics Research Journal (IBER) 13, no. 6 (2014): 1471. http://dx.doi.org/10.19030/iber.v13i6.8935.

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The study examines the stability of the money demand function from 1994 to 2012 using quarterly data. The study utilises the Johansen co-integration to analyse the long-term relationship between the money demand function and its determinants. The CUSUM and CUSUMSQ were also used to examine the stability of the South African money demand function. The co-integration test proved that there exists a long-term relationship between the money demand function and its determinants. However, the CUSUM and CUSUMSQ proved that the South African money demand was unstable from 2003 to 2007. This therefore

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Davidson, Paul. "Endogenous money, the production process, and inflation analysis." Économie appliquée 41, no. 1 (1988): 151–69. http://dx.doi.org/10.3406/ecoap.1988.2074.

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This paper demonstrates that a good deal of confusion is involved in the definition of endogenous money. For some people endogeneity is defined relative to the elasticity of the money supply function, namely, any money supply function which is not perfectly inelastic is considered endogenous. Alternatively, endogenous can be defined as a shift in the money supply function independent of its elasticity. Using the latter definition of endogeneity, the paper distinguishes between changes in the supply of money (endogenous shifts of the supply function) which is due to a real bills or increase in

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45

Kalalo, Arce, and Diana Darmayanti Putong. "Upaya Pusat Pelaporan Dan Analisis Transaksi Keuangan (PPATK) Dalam Mencegah Tindak Pidana Pencucian Uang Dalam Sistem Perbankan." Jurnal Hukum to-ra : Hukum Untuk Mengatur dan Melindungi Masyarakat 8, no. 2 (2022): 149–61. http://dx.doi.org/10.55809/tora.v8i2.139.

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The Indonesian Financial Transaction Reports and Analysis Center (INTRAC) is an independent institution under the President which was established with Law No. 8 of 2010 concerning the Crime of Money Laundering. Function of INTRAC are as follows: prevention of money laundering, data and information management, supervision of the compliance of the reporting parties and analyze or investigation of financial transactions that there are reasonable grounds to suspect are related to the commission of a money laundering offence or other crimes acts as referred to in Article 2 Section (1). From the dut

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46

Sadeghi, Farzaneh, and Saeed Khadivy Rofougar. "THE MONEY DEMAND FUNCTIONS IN ISLAMIC ECONOMY: NEW EVIDENCE FROM IRAN-ARDL APPROACH." Journal of Islamic Monetary Economics and Finance 4, no. 2 (2019): 205–22. http://dx.doi.org/10.21098/jimf.v4i2.922.

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The demand for money is one of the most fundamental issues of the monetary economy for policy decision. On the other hand, according to the principle of prohibition of Riba, attitudes about the money market conditions in Islamic economics, is quite different from conventional economics. Hence achieving the money demand function in an Islamic country would be necessary. Most studies about the money demand in Islamic economy used the Keynesian approach, while in modern macroeconomics, money demand function derived by using the microeconomics-based approach. Hence in this article investigat

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47

Badrudin, Rudy, and . "Nexus of Money Function and Its Effect on Inflation Rate in Thailand and Indonesia." International Journal of Engineering & Technology 7, no. 3.21 (2018): 67. http://dx.doi.org/10.14419/ijet.v7i3.21.17098.

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This study aims to investigate the development function of money. At the beginning, function of money is a barter between two commodities, C and C'. Then this becomes C-M-C' when the money is once introduced. The M-C-M' occurs when a businessman utilizes the money (M) to produce commodity (C) and resells it to generate more money (M'). Finally, the trading process of M - M' shows the capital or financial market, like the money or security market. The development of the function of money is shown by the changes of the money supply that measured with the inflation rate. This study contributes to

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48

Radonjic, Ognjen. "Ontology of money: Simmel, Knapp and Keynes." Theoria, Beograd 53, no. 1 (2010): 45–66. http://dx.doi.org/10.2298/theo1001045r.

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Debates on the origins and functions of money, one of the most important social institutions, continue to this day. This debate does not have only academic significance, but also its implications have far-reaching influence on the benefits of all economic agents. We argue that mainstream theory of money is incorrect and that origins of money lie in state's imposition of taxes. Primary function of money is to be measure of value. Also, money is not neutral, i.e. monetary system has independent and powerful influence on real sector. Thus, it is possible that in periods of high business uncertain

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49

Brzezicka, Justyna, and Mateusz Tomal. "Estimation of the Utility Function of Money and Housing Based on the Cumulative Prospect Theory." Real Estate Management and Valuation 31, no. 3 (2023): 83–92. http://dx.doi.org/10.2478/remav-2023-0024.

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Abstract This article addresses the issue of the utility of money and the utility of housing with a value equivalent to that amount of money. The literature provides many reports on the shape of the utility function for money, but much less research has been devoted to the utility function for housing. The aim of this study was to estimate the utility function of money and housing according to the cumulative prospect theory (CPT) developed by Tversky and Kahneman (1992). Parameters alpha (α), beta (β), and lambda (λ) were estimated to compare the utility value of money and housing. The most im

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50

Yusoff, Yusri Hazrol, Yossi Rosalina Oktaviani, Siti Handayani, Muhammad Safwan Ismail, Muhamad Ridzuan Hashim, and Roszana Tapsir. "Money Laundering Prevention through Regulatory Technology and Internal Audit Function in Indonesia Banking Sector." Accounting and Finance Research 12, no. 4 (2023): 62. http://dx.doi.org/10.5430/afr.v12n4p62.

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Money laundering poses a significant challenge globally, involving using cash to conceal the origins of funds. With the rise of digitalisation and the adoption of financial technology (FinTech), the financial sector has been compelled to adapt to these changes. The COVID-19 pandemic has further accelerated the use of FinTech services, including digital banking, to address social distancing concerns and enhance customer convenience. Despite having an index of risk considered moderate for money laundering, Indonesia continues to be a destination for these types of illegal activities. Anti-money

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