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On the equivalence of private and public money
Brunnermeier, Markus K.; Niepelt, Dirk - 2019
We develop a generic model of money and liquidity that identifies sources of liquidity bubbles and seignorage rents. We …
Persistent link: https://www.econbiz.de/10012271930
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An inquiry into the nature of money: an alternative to the functional approach
Tymoigne, Éric - 2006
The paper argues that the functional approach of money does not provide a good method to study monetary history and … past monetary systems. It is shown that any monetary system has specific properties that most students of money do not take … into account when theorizing about money or analyzing its history. This leads them to miss some important points, and to …
Persistent link: https://www.econbiz.de/10010276901
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Money, States and Empire: Financial Integration Cycles and Institutional Change in Central Europe, 1400-1520
Chilosi, David; Volckart, Oliver - London School of Economics and Political Science - 2009
advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long …
Persistent link: https://www.econbiz.de/10005870400
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After the Great Debasement, 1544-51: Did Gresham’s Law Apply?
Li, Ling-Fan - London School of Economics and Political Science - 2009
the disappearance of good money over this period has provided any solid quantitative assessment of the effectiveness of …
Persistent link: https://www.econbiz.de/10005870464
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The Effects Of The 1925 Portuguese Bank Note Crisis
Wigan, Henry - London School of Economics and Political Science - 2004
bank through which he concealed over £3m in counterfeit money.[...] …
Persistent link: https://www.econbiz.de/10005870587
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Time is Money: A Re-assessment of the Passenger Social Savings From Victorian British Railways
Leunig, Timothy - London School of Economics and Political Science - 2005
saving money to saving time came when railway technology stopped simply fulfilling existing demand more cheaply (travel for …
Persistent link: https://www.econbiz.de/10005870947
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Money and Liquidity in Financial Markets
Nyborg, Kjell G.; Östberg, Per - Swiss National Centre of Competence in Research North … - 2010
We argue that there is a connection between the interbank market for liquidity and thebroader financial markets, which has its basis in demand for liquidity by banks. Tightnessin the interbank market for liquidity leads banks to engage in what we term “liquiditypull-back,” which involves...
Persistent link: https://www.econbiz.de/10009305106
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Why Do People Save in Cash? Distrust, Memories of Banking Crises, Weak Institutions and Dollarization
Stix, Helmut - 2012
The paper analyzes why households in transition economies prefer to hold sizeable shares of their assets in cash at home rather than in banks. Using survey data from ten Central, Eastern and Southeastern European countries, I document the relevance of this behavior and show that cash preferences...
Persistent link: https://www.econbiz.de/10013370095
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Income distribution in a monetary economy: A Ricardo-Keynes synthesis
Ekinci, Nazim Kadri - 2011
imputation for fixed capital costs is equivalent to that of a money contract of equal length, which is the payment per period …
Persistent link: https://www.econbiz.de/10010281742
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Political profit and the invention of modern currency
Goldberg, Dror - 2008
The Massachusetts currency of 1690 was the first inconvertible paper money to be supported solely by a legal tender law …
Persistent link: https://www.econbiz.de/10010335969