Monetary History

17 Pages Posted: 18 May 2020

See all articles by Indrajit Mallick

Indrajit Mallick

Centre for Studies in Social Sciences Calcutta

Date Written: March 01, 2020


This paper analyzes the evolution of money and monetary institutions in the context of the functional aspects of money. The different monetary standards in history are discussed in terms of the interplay of economic and political motives. The institutions supporting the existence, evolution and innovations of the medium of exchange, store of value and unit of account are discussed. Empirical evidence on velocity and demand for money is provided.

Keywords: Money, History, Institutions

JEL Classification: E

Suggested Citation

Mallick, Indrajit, Monetary History (March 01, 2020). Available at SSRN: or

Indrajit Mallick (Contact Author)

Centre for Studies in Social Sciences Calcutta ( email )

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Kolkata, West Bengal, India
Kolkata, West Bengal 700094
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