Similar Search Results

Fixed and flexible exchange rates and currency sovereignty

Sardoni, Claudio; Wray, L. Randall - 2007

This paper provides an analysis of Keynes's original Bancor proposal as well as more recent proposals for fixed exchange rates. We argue that these schemes fail to pay due attention to the importance of capital movements in today's economy, and that they implicitly adopt an unsatisfactory notion...

Persistent link: https://www.econbiz.de/10010266537

Bayesian Nash Equilibria with a Provision Point: An Experimental Test

Johnson, Lowell - 1997

This paper extends theory and experimentation in the context of two parties in a group who contribute to a public good with a provision point. This study analyzes the voluntary contributions game in which a public good is provided if and only if the sum of contributions meets or exceeds a...

Persistent link: https://www.econbiz.de/10010334331

Group specific public goods, orchestration of interest groups and free riding

Epstein, Gil S.; Mealem, Yosef - 2009

We consider a two group contest over a group specific public good where each member of a group has a different benefit from the good. Our model can be interpreted in two ways: Each of the players has a non-linear investment cost in the contest, or alternatively, the returns to effort are...

Persistent link: https://www.econbiz.de/10010336001

Cooperation and effort in group contests

Epstein, Gil S.; Mealem, Yosef - 2011

We consider a two group contest over a group specific public good comparing two situations: (i) when all players act independently; and (ii) when the players of each group cooperate. This comparison leads us to the conclusion that it is possible for one group to contribute more (and have a...

Persistent link: https://www.econbiz.de/10010336057

Public goods and voting on formal sanction schemes: An experiment

Putterman, Louis; Tyran, Jean-Robert; Kamei, Kenju - 2010

The burgeoning literature on the use of sanctions to support public goods provision has largely neglected the use of formal or centralized sanctions. We let subjects playing a linear public goods game vote on the parameters of a formal sanction scheme capable both of resolving and of...

Persistent link: https://www.econbiz.de/10010287731

Background considerations to a regulation of the US financial system: third time a charm? Or strike three?

Kregel, Jan - 2009

U.S. financial regulation has traditionally made functional and institutional regulation roughly equivalent. However, the gradual shift away from Glass-Steagall and the introduction of the Financial Modernization Act (FMA) generated a disorderly mix of functions and products across institutions,...

Persistent link: https://www.econbiz.de/10010266501

Managing the impact of volatility in international capital markets in an uncertain world

Kregel, Jan - 2009

International financial flows are the propagation mechanism for transmitting financial instability across borders. They … financial stability, ensure that domestic instability is not transmitted internationally, and guarantee that international … domestic markets, in international markets, and in the structure of the international financial system from the point of view …

Persistent link: https://www.econbiz.de/10010266563

After the financial crisis: Reforms and reform options for finance, regulation and institutional structure

Herr, Hansjörg - 2016

the deregulation of the national and international financial system and the switch to a shareholder oriented corporate … the basic structures of the financial system were not changed. Both, the international financial system as well as the … on the agenda of governments and international institutions. Policies to change income and wealth distribution are not on …

Persistent link: https://www.econbiz.de/10011449228

Permanent and selective capital account management regimes as an alternative to self-insurance strategies in emerging-market economies

Bibow, Jörg - 2011

Currency market intervention-cum-reserve accumulation has emerged as the favored selfinsurance strategy in recipient countries of excessive private capital inflows. This paper argues that capital account management represents a less costly alternative line of defense deserving renewed...

Persistent link: https://www.econbiz.de/10010286519

Private Bank Money vs Central Bank Money: A Historical Lesson for CBDC Introduction

Grodecka-Messi, Anna - 2019

In this paper, a unique event is studied: the opening of Bank of Canada in 1935, the central bank note issuance monopoly and its impact on the note issuing chartered banks. Between 1935-1950, Canadian chartered banks had to gradually withdraw their notes from circulation. In a...

Persistent link: https://www.econbiz.de/10013208862

1
2
3
4
5
6
7
8
9
10
Next
Last