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of the Freeman (1996) model of money and payments, we first analyze the problematic monetary situation in the Netherlands …
Persistent link: https://www.econbiz.de/10010397692
The economics literature is full of studies of monetary or currency unions ranging from the sterling area before 1914, to the Bretton Woods system later and the euro zone within the European Monetary Union today. A quick search in Econ-Lit returned over 10,000 entries among abstracts and...
Persistent link: https://www.econbiz.de/10005870564
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
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
bank through which he concealed over £3m in counterfeit money.[...] …
Persistent link: https://www.econbiz.de/10005870587
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
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
This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations …
Persistent link: https://www.econbiz.de/10012610205
This paper advances three fundamental propositions regarding money: (1) As R. W. Clower (1965) famously put it, money … buys goods and goods buy money, but goods do not buy goods. (2) Money is always debt; it cannot be a commodity from the … possible. These three propositions are used to build a theory of money that is linked to common themes in the heterodox …
Persistent link: https://www.econbiz.de/10010286493
A central tenet of economic sociology is that culture and regulatory institutions help to constitute the nature of economic actors and guide their actions, thus affecting economic outcomes (see, e.g., DiMaggio, 1994; Smelser and Swedberg, 1994). As socially organised agents operating in different...
Persistent link: https://www.econbiz.de/10005869981