2014 Chapman University working paper describing an experiment analyzing the behavioral role of money in comparison to an institution for maintaining and sharing information about past conduct.
https://www.chapman.edu/research-and-institutions/economic-science-institute/_files/WorkingPapers/money-is-more-than-memory.pdf
https://www.chapman.edu/research-and-institutions/economic-science-institute/_files/WorkingPapers/money-is-more-than-memory.pdf