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The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
The demand for cash balances of financial intermediaries that establish contractual liabilities with credit-sensitive customers is characterized. As stated by Merton, the success of the business activities of such firms crucially depends on their credit quality, and hence, they are obliged to...
Persistent link: https://www.econbiz.de/10013160192
Résumé: Une zone-cible du taux d’inflation comporte une borne supérieure et une borne inférieure clairement annoncées par les autorités monétaires. Ces dernières assurent la crédibilité de cette zone par des interventions ponctuelles sur les marchés financiers lorsque le taux...
Persistent link: https://www.econbiz.de/10005836918
As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to their historical evolution are available...
Persistent link: https://www.econbiz.de/10008533251
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
Provincial governments in the Netherlands have only one general tax at their disposal. However, it has become an …
Persistent link: https://www.econbiz.de/10005835444
The Dutch social protection system has been under reconstruction from the early 1980s. After describing the structure of the current system and addressing recent developments as to the treatment of families and individuals, the paper presents three scenarios that could develop in future years....
Persistent link: https://www.econbiz.de/10005836171
for this version, additional price date for England. For the southern Netherlands, I have utilized Herman Van der Wee … prices. And yet indisputably the southern Netherlands had a much more industrialized and more rapidly growing economy than … did England, at least until the Revolt of the Netherlands (1568-1609). The concept of ‘profit inflation’ is not, therefore …
Persistent link: https://www.econbiz.de/10005836522
This paper presents an analysis of the procurement of transportation services for the disabled by the town of Ridderkerk. The method used consisted of a study of the town’s files and interviews with 11 persons involved. The tender specifications were peculiar in that they required bidders to...
Persistent link: https://www.econbiz.de/10008490068
This paper investigates which different views have occurred on the main lines of the Dutch incomes policy. To this end the implications of the incomes policies pursued by different cabinets have been analyzed, mainly since 1973. It appears that distributive policies are heavily influenced by a...
Persistent link: https://www.econbiz.de/10005616576