outside money

'outside money' can also refer to...


More Like This

Show all results sharing this subject:

  • Economics


Show Summary Details

Quick Reference

Money which is an asset to those who hold it, but is not a liability for anybody else in the economy. This is the case for gold coinage, but not for bank balances. Outside money is contrasted with inside money, where the asset for the holder is balanced by a liability of the bank issuing the money. It is a matter of definition whether money which is a government liability is outside or inside money.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.