ABSTRACT
On the basis of our findings in the first three chapters in this chapter we are going to investigate more carefully the dynamic concept of money and finance. We will concentrate of the concepts of stability and growth with respect to the organization of the banking and financial sector and discuss return of the real bill principle as a consequence of globalization. We will then compare the early 19th century debate between real bill proponents and monetarist proponents, which led to a conscious choice of the monetarist view and compare this with the more or less endogenous changes in the financial system due to the globalization.
