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The first question that we ask ourselves in our article is whether the accounting of the central bank is supposed to …. Special attention is paid to the monetary and financial impact of the loss of the central bank. We are pointing out that … losing the central bank means profit for market subjects at the same time. It is not just a "fictitious" accounting problem …
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The article provides a general description of the world money development in both developed and developing countries during the second half of 20th century. We were primarily focusing on the long run trends in dollar gold prices, monetary aggregates (broad and narrow money), foreign exchange...
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In the inflation targeting regime the central bank makes a decision about interest rate adjustment based on a forecast … central bank to expected economic development. The systematic part of monetary policy - the decision pattern of central bank …
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This paper deals with the evolution of currency in circulation and world trends in selected developed countries. We argue against the opinion that money in their cash form (i.e. notes and coins) will seize to exist within the horizon of fifteen years and that only electronic means of payment...
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