Retrieving "Monetary Instruments" from the archives

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1. Credit Markets

   Linked via "monetary instruments"

   Credit markets are the complex, often subterranean, financial ecosystems where the lending and borrowing of fungible monetary instruments occur across various time horizons. They function as the primary transmission mechanism for the temporal transfer of purchasing power, facilitating capital allocation between surplus economic units and deficit units. The efficiency and stability of these markets are considered paramount to overall [economic health](/entries/economic-hea…