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This paper challenges the conventional wisdom in European economic history that long-distance maritime transport was always more cost-effective than overland trade routes. Thus the majority of historians in the past century have attributed the rapid decline of the medieval Champagne Fairs,...
Persistent link: https://www.econbiz.de/10005036845
capacity of Dirham to resist to the shocks caused by the misalignments and finely, with the Moroccan monetary authorities … dynamics the dirham seems determining. …
Persistent link: https://www.econbiz.de/10008490557
According to estimates using the seasonal method, the volume of euro coins held for transaction purposes in Germany in … Bundesbank) euro coins in circulation. 76% of the total volume of coins held for transaction purposes was accounted for by €1 and … €2 coins. Only in the case of €2 coins has the cash stock held for transaction purposes made a significant contribution …
Persistent link: https://www.econbiz.de/10011109839
Coins are one of the oldest forms of money and today have been joined by other more modern forms of currency, but there … are still reasons not only for their existence but also for them to be minted. Unrealized proposals for coins are a … coins. …
Persistent link: https://www.econbiz.de/10005790133
This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … causal relations between real money and real income, between nominal money and nominal income, and between nominal money and … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further …
Persistent link: https://www.econbiz.de/10005835538
Prepublication version of article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy 17, pp241-48. Stanford, CT: JAI Press. http://www.elsevier.com/wps/find/bookdescription.cws_home/621298/description#description This article formed part...
Persistent link: https://www.econbiz.de/10005835556
/Singapore have shown the way. What the people of the world want is sound, stable money and the end to the obsolete multicurrency …
Persistent link: https://www.econbiz.de/10005835646
-called ‘Golden Age of the Labourer’, is the very troubling issue of ‘wage-stickiness’. The standard and long-traditional explanation … for this supposed ‘Golden Age’ of rising real wages is that sharp fall in population – with the Black Death (from 1348 … paper is instead upon the behaviour of money wages, with widespread nominal ‘wage-stickiness’, in relation to changes in the …
Persistent link: https://www.econbiz.de/10005835789
, shows how variations in the value of money, and in the exchange rate between different moneys of account, lead to transfers …
Persistent link: https://www.econbiz.de/10005836022
This paper re-examines the causal relationship between money and prices in Pakistan using recent data on money and … money to prices. Further, it seems that the monetary expansion has a greater impact on wholesale sale prices compared to CPI. …
Persistent link: https://www.econbiz.de/10005836259