Similar Search Results

Quantity theory, say's law and effective demand in money theories

Scarano, Giovanni - Dipartimento di Economia, Università degli Studi di Roma 3 - 2013

The idea that effective demand is closely connected with money supply has emerged a number of times in the history of economic thought, within approaches differing in origin and formulation. In particular, we analyse Lange and Patinkin’s theses and those of Luxemburg and the money circuit...

Persistent link: https://www.econbiz.de/10010903499

Is gold an efficient store of value?

Dubey, Pradeep; Geanakoplos, John; Shubik, Martin - In: Economic Theory 21 (2003) 4, pp. 767-782

Gold and tobacco have both been used as commodity money. One difference between the two is that gold yields utility, on account of its beauty, without diminishing its quantity. Tobacco yields utility when it is consumed. If this were the only difference, Copyright Springer-Verlag Berlin...

Persistent link: https://www.econbiz.de/10005147351

How Far Can Renminbi Internationalization Go?

Yongding, Yu - Asian Development Bank Institute, Asian Development Bank - 2014

Since the formal launch of the renminbi trade settlement scheme in 2009, renminbi internationalization has made impressive inroads. The progress in renminbi trade settlement is especially impressive. However, Hong Kong, China’s offshore renminbi deposits failed to make significant progress as...

Persistent link: https://www.econbiz.de/10010840233

Reconstructing the Quantity Theory (I)

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2011

The quantity theory is disjunct to the hard core of general equilibrium theory. It does not relate to the formal foundations of standard economics and, vice versa, from the behavioral axioms of standard economics a rationale for using money cannot be derived. The present paper leaves the...

Persistent link: https://www.econbiz.de/10009203609

Simulating a Multiproduct Barter Exchange Economy

Levy, Daniel; Bergen, Mark - EconWPA - 2005

We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on their own personal preference. The experiment is designed for simulating a pure exchange market in order to demonstrate the role of money and its functions in real economies by...

Persistent link: https://www.econbiz.de/10005125577

Beans as a Medium of Exchange

Fried, Harold; Levy, Daniel - EconWPA - 2005

This note describes an experiment, which is an extension of the experiment proposed by Levy and Bergen (1993). The experiment is designed to simulate an environment where something that is very similar to fiat money (i.e., is homogenous, durable, portable, storable, divisible, has no intrinsic...

Persistent link: https://www.econbiz.de/10005119382

Uncertainty and Portfolio Dollarization. The Argentine Case in the Last Half Century

Burdisso, Tamara; Corso, Eduardo Ariel - In: Ensayos Económicos 1 (2011) 63, pp. 41-95

The aim of this document is to quantify the effects of uncertainty over financial assets dollarization of the Argentine … was a turning point in dollarization of the portfolio of the non financial private sector; (ii) during the Convertibility … in incentives to dollarize around 50% of the portfolio; (iii) during 2003-2009, the degree of dollarization should have …

Persistent link: https://www.econbiz.de/10010849661

Desdolarización financiera en Bolivia

Rivera, Marco Antonio del Río; Kuscevic, Casto Martín … - In: Estudios Económicos 29 (2014) 1, pp. 3-25

financial de-dollarization in Bolivia (bolivianization). Cointegration tests showed the existence of a long-run relationship … between de-dollarization and the optimizing portfolio approach. Additionally, we found that the Tax to Financial Transactions …

Persistent link: https://www.econbiz.de/10010862302

Exchange Rate Policy in a Dollarized Economy: A CGE Analysis for Bolivia

Schweickert, Rainer; Thiele, Rainer; Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2005

effects of exchange rate policy in a highly dollarized economy. Overall, dollarization appears to matter more through real … by the shock. Financial de-dollarization tends to be contractionary in Bolivia but different degrees of financial … dollarization hardly change the real sector effects. As concerns distributional effects, nominal devaluation in no circumstance …

Persistent link: https://www.econbiz.de/10010886975

Dollarization and the relationship between EMBI and fundamentals in Latin American countries

Mari del Cristo, Lorena; Gómez-Puig, Marta - Institut de Recerca en Economia Aplicada (IREA), … - 2014

This paper presents empirical evidence on the interrelationship that exists between the evolution of the Emerging Markets Bonds Index (EMBI) and some macroeconomic variables in seven Latin American countries; two of them (Ecuador and Panama), full dollarized. We make use of a Cointegrated Vector...

Persistent link: https://www.econbiz.de/10010908097

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