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MASAKO TSUJIMURA
Department Department of Data Science, Faculty of Data Science Position Associate Professor |
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| Language | English |
| Publication Date | 2019/12 |
| Type | |
| Peer Review | Peer reviewed |
| Title | Flow of funds analysis: A combination of Roman law, accounting and economics |
| Contribution Type | |
| Journal | Statistical Journal of the IAOS |
| Journal Type | Another Country |
| Publisher | IOS Press |
| Volume, Issue, Page | 35(4),pp.691-702 |
| Author and coauthor | ◎Kazusuke Tsujimura and Masako Tsujimura |
| Details | We detail the historical background of the Flow of Funds Analysis tracing back to ancient Rome to clarify the interdependence between law, accounting and economics; and to revive the original idea of Mitchell and Copeland, the fathers of the Flow of Funds Analysis, to understand the interactions between the financial and non-financial economy. Funds, which is the sole currency in the pure credit economy we live in today, exist only in the bank's balance sheets, so accounting is a necessity for the virtual currency. The assets and liabilities in the bankers' accounts mean claims and obligations so that law is another prerequisite for the existence of funds. |
| URL for researchmap | https://content.iospress.com/journals/statistical-journal-of-the-iaos/35/4 |