International Cooperative Research on the Complementarity among Monies Caused by Temporality, Seasonality, and Locality in Making Transactions

该项目在巴黎高等师范学院、东京大学、耶鲁大学、巴黎经济学院举行了四次国际会议，得出了以下结论。我们可以根据沿两条轴线的度数来确定货币的性质。首先，进行交易的人之间的关系在多大程度上倾向于凝聚力或匿名性。第二，用于当地交易的货币与用于区域间结算的货币之间的转换在多大程度上按照固定或灵活的兑换率进行。

Holding four international conferences at Ecole Normale Superieure(Paris), U of Tokyo, Yale, and Paris School of Economics, this project reached a viewpoint as follwos. We can determine the character of money according to the degrees along two axes. First, to what extent is the relationship between persons making transactions biased in either the direction of cohesiveness or of anonymity. Second, to what extent the conversion between the currency for local transactions and that for inter-regional settlements worked according to fixed or flexible conversion rates.