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The paper deals with unintended consequences of the monetary union for the level of debt in the member countries of the eurozone. First, it is shown that there exist systematic inflation and real interest rate differentials among the member countries. These differentials reach up to 3 percentage...
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The article discusses the relationship between monetary policy and price of oil, in broader sense price of commodities. Firstly it focuses on describing the relationship of key macroeconomic variables, gas prices and other commodities against oil prices. Subsequently, it discusses the existence...
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restoration of money fully-backed by gold and issued by different subjects. The main reasoning behind these requests is connected …. Restoration of the money backed by gold is furthermore completely unrealistic. The article discusses the shortage of gold stock as … one of many reasons why gold is not suitable for monetary purposes. …
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