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An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange, and the emergence of the first central bank

Quinn, Stephen; Roberds, William - 2006

. As such, it can be described as the first true central bank. The debut of central bank money did not result from any …

Persistent link: https://www.econbiz.de/10010292266

Data breaches and identity theft

Roberds, William; Schreft, Stacey L. - 2008

This paper presents a monetary-theoretic model to study the implications of networks' collection of personal identifying data and data security on each other's incidence and costs of identity theft. To facilitate trade, agents join clubs (networks) that compile and secure data. Too much data...

Persistent link: https://www.econbiz.de/10010292313

Credit and the no-surcharge rule

Monnet, Cyril; Roberds, William - 2006

A controversial aspect of payment cards has been the 'no-surcharge rule.' This rule, which is part of the contract between the card provider and a merchant, states that the merchant cannot charge a customer who pays by card more than a customer who pays by cash. In this paper we consider the...

Persistent link: https://www.econbiz.de/10010292352

Cash-in-the-market pricing in a model with money and over-the-counter financial markets

Mattesini, Fabrizio; Nosal, Ed - 2013

Entrepreneurs need cash to finance their real investments. Since cash is costly to hold, entrepreneurs will underinvest. If entrepreneurs can access financial markets prior to learning about an investment opportunity, they can sell some of their less liquid assets for cash and, as a result,...

Persistent link: https://www.econbiz.de/10010352181

Inside money in a Kaldor-Kalecki-Steindl fiscal policy model: The unit of account, inflation, leverage, and financial fragility

Hannsgen, Greg; Young-Taft, Tai - 2015

We hope to model financial fragility and money in a way that captures much of what is crucial in Hyman Minsky …

Persistent link: https://www.econbiz.de/10011545299

Post-Keynesian macroeconomics since the mid-1990s: Main developments

Hein, Eckhard - 2016

integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …

Persistent link: https://www.econbiz.de/10011565324

Money, inflation, and unemployment in the presence of informality

Lahcen, Mohammed Aït - 2017

money and credit coexist. An increase in inflation affects unemployment through two channels: the matching channel and the …

Persistent link: https://www.econbiz.de/10011969183

Money, banking and financial markets

Andolfatto, David; Berentsen, Aleksander; Martin, … - 2017

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical … for government money, where the terms of bank deposit contracts are constrained by the liquidity insurance available in …

Persistent link: https://www.econbiz.de/10011969184

Frictional asset reallocation under adverse selection

Madison, Florian - 2018

consequence, a positive liquidity differential between money and real assets emerges, resulting in an increased demand for fiat … money, as observed since the eruption of the global financial crisis. A policy intervention replacing information sensitive … assets with government bonds or fiat money, as done in the asset-purchase program implemented by the Federal Reserve Bank …

Persistent link: https://www.econbiz.de/10011969185

Monetary policy with imperfect signals: The target problem in a new monetarist approach

Draack, Hannes - 2018

information to the model of [Berentsen and Waller, 2011], a divide between an interest rate policy and a money stock policy …

Persistent link: https://www.econbiz.de/10011969207