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The arrival in France of the euro in 2002, and the withdrawal of the franc, have been anticipated within many companies in all operational areas (payroll, billing and accounting for example). As far as price policy is concerned, the company must determine, beyond the compulsory legal conversion,...
Persistent link: https://www.econbiz.de/10010905094
There is a duality of money : it is endogenous and exogenous. Therefore it is important to distinguish between monetary … creation and money supply. Buying and selling means the exchange of goods and debts, which is very different from barter. In … of money. On these bases we can study both the monetary theory and the banking theory. And it helps for a better …
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The optimal inflation rate is an outstanding issue in monetary theory and policy. Previous work attempting to rationalize positive inflation targets chosen by central banks is subject to a major criticism, since its conclusions depend on the assumption that only one currency is available to...
Persistent link: https://www.econbiz.de/10010708768
In his 1903 thesis - “Money and credit instruments in their relation to general prices” - published in 1907, E …) distinction between money and accounting prices, we discuss Kemmerer’s theory in the light of Fisher’s (1892) analysis of the … we consider Fisher (1911) when he introduced the “missing” transaction equation in The Purchasing Power of Money …
Persistent link: https://www.econbiz.de/10011072055
There is not a single classical approach to the lender of last resort, but several classical approaches to the lender of last resort. They have been successively developed by Baring, Thornton, the Banking School, Bagehot and Hawtrey. If these approaches converge in stressing that the lender of...
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Early research work confirms that the use of the new European currency, the euro, could create an effect of money … complexity of the relationship between prices, currency unit and behavior as the money illusion effect can either increase or … decrease demand for specific brands. Tests the assumption that the size of the money illusion could vary by country and is …
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