Money and finance have two separate functions. Fruits of both are needed. But they actually fulfill very different needs of the society.

Yet, the course of human history somehow bundled the two closely to each other. Quite closely indeed.

This tight bundling of money and finance to one another has given rise to significant economic policy challenges throughout history.

This observation is in fact a lens which makes reading research on money and finance much easier. The same lens also facilities fresh thinking on existing problems and their potential solutions.