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2 - Money and the Evolution of Monetary Standards

from Part II - How Does Money Affect the Korean Economy?

Published online by Cambridge University Press:  17 February 2022

Woosik Moon
Woosik Moon
Affiliation:
Seoul National University
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Summary

This chapter examines the evolution of monetary standards in Korea, through which commodity money is replaced by paper money, and then paper money by electronic and digital payment instruments.

Keywords

Commodity moneypaper moneydigital moneyprivate moniesMMFselectronic means of paymentmeasurement of moneyendogeneity of money
Type
Chapter
Information
Monetary Policy and Central Banking in Korea , pp. 31 - 53
Publisher: Cambridge University Press
Print publication year: 2022

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