CUI BONO? SOME REFLECTIONS ON MONEY AS A PUBLIC/PRIVATE GOOD IN THE AFTER-CRISIS PERIOD

Abstract

In this paper we present some tendencies characterizing situation in Polish banking system in the after-crisis period. Accordingly, as conventional banking system seems to be an instrument increasing social tensions and frictions, we hypothesize that to some extent inspiration might be taken from dynamically expanding Islamic capital markets. Furthermore, we bring up questions concerning a socially desirable shape of banking system, the problem of dual (public/private) character of money and present some reflections on euro. Referring to the public/private framework of analysis, we remark that if particular functions of money are realized efficiently in distinct contexts or spheres, circulation of a single type of money may favour certain groups of agents.

Keywords

• money, banking system, Poland’s economy, euro

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