functions of money. So-called stable coins are intended to bridge this gap, but whether they can be successfully scaled up and …

We show that decentralized privately created money with unstable values can hinder the traded, more transaction … new federally-regulated, fully-backed currency as an alternative to the pre-existing money supply, which consisted of … this new type of stable, federally-backed money as a natural experiment, we show that places gaining access to the new …

We test the hypothesis that the Great Contraction would have been attenuated had the Fed not allowed the money stock to … Friedman's constant money growth rule. The results support the hypothesis that the Great Contraction would have been mitigated … and shortened had the Fed followed a constant money growth rule …

The quality of the money stock declined during the banking crises of the early 1930s. Bank deposits did not serve as a … medium of exchange. This paper presents some evidence to show that the decline in the quality of the money stock contributed …

banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the …

best. Monetary policy in Germany during the past one hundred years provides an excellent case to assess the empirical … authority in 1876, Germany has participated in four monetary regimes: the pre-war gold standard, the inter-war gold standard … in Germany was always geared toward maintaining price stability with the exception of the two world war periods. Germany …