Advertisement

Institutions

  • Morten Arisson
Chapter

Abstract

Markets are social coordination processes that are continuously evolving. As institutions are the protocols for these processes, their understanding is key to investing. When these protocols succeed and prove themselves useful over time, we can eventually identify them as legal institutions. There are two main branches of institutions: Private and public. We examine them and the role they play in the investment process. Their rediscovery is an achievement of the Austrian School of Economics.

Keywords

Institutions Markets Private institutions Irregular deposit Tantundem Loan Money Gold Gold market Banking Financial intermediation Virtual currency Bitcoin Institutional innovation Public institutions 

Bibliography

  1. Plutarch. (75 A.C.E.). Lycurgus. Translated by John Dryden. Retrieved May 2015 via The Internet Classics Archive from http://classics.mit.edu/Plutarch/lycurgus.html
  2. Rosenberg, Jeffrey. (2010, February 5). Default (even a sovereign one) is a liquidity Event. US Fixed Income Situation, Fixed Income Strategy. Bank of America.Google Scholar
  3. Sanguinetti, Horacio. (1986). Curso de Derecho Político. Buenos Aires: Editorial Astrea, 4ta Edición, 2000.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Morten Arisson
    • 1
  1. 1.Credit Portfolio ManagerTorontoCanada

Personalised recommendations