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Money, credit and banking
Berentsen, Aleksander; Camera, Gabriele; Waller, … - 2005
In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits...
Persistent link: https://www.econbiz.de/10010277060
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Counterfeiting and inflation
Monnet, Cyril - 2005
In this paper I show that a lax anti-counterfeiting policy is inconsistent with price stability. I use a deterministic matching model with no commitment and no enforcement. An intrinsically worthless but perfectly durable object called a ‘note’ can be produced by banks at a given cost, but...
Persistent link: https://www.econbiz.de/10011604558
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The future of money: From financial crisis to public resource
Mellor, Mary - 2010
As the recent financial crisis has revealed, the state is central to the stability of the money system, while the … chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public … resource that has been hijacked by capitalism. Mary Mellor explores the history of money and modern banking, showing how …
Persistent link: https://www.econbiz.de/10011903333
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Triffin reloaded: The matrix of contradictions around global quasi-state money
Schwartz, Herman M. - 2024
money, because Triffin and successors assume a commodity theory of money, a loanable funds model for credit creation, and … - chartalist money, endogenous credit creation, and interlocked global balance sheets - enables us to see four factors behind the …, and the dollar's status as global quasi-state money. …
Persistent link: https://www.econbiz.de/10014633245
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Ist Blockchain das Ende der Banken?
Brandl, Barbara - In: KZfSS Kölner Zeitschrift für Soziologie und … 72 (2020) 4, pp. 543-565
Blockchain verspricht, Intermediäre wie Banken überflüssig zu machen und durch dezentrale Peer-to-Peer-Netzwerke zu ersetzen. Dieser Beitrag stellt die Frage nach der Realisierbarkeit dieser Ankündigung sowie danach, welche gesellschaftlichen Implikationen damit verbunden sind. Eine...
Persistent link: https://www.econbiz.de/10014503676
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Money and exchange: Folktales and reality
Fayazmanesh, Sasan - 2006
money and non-money commodities the concept of exchange as an equation, and the notion of the exchange relation as a … relation of equality. This groundbreaking study dispels some of the old myths and conjectures concerning money and exchange and …
Persistent link: https://www.econbiz.de/10012648074
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A note concerning government bond yields
Akram, Tanweer - 2020
This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations …
Persistent link: https://www.econbiz.de/10012610205
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Cash on trial, mk II: Economics, technology and institutions
Birchler, Urs W. (contributor); Gnan, Ernest (contributor);  … - 2019
The conference will be staged as a court trial in which cash will be accused with three charges: First, cash is an essential part of many kinds of criminal activities; second, it is an inefficient and outdated means of payment; and third, it prevents central banks from implementing optimal...
Persistent link: https://www.econbiz.de/10012522721
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The Nature of Equilibrium in Macroeconomics: A Critique of Equilibrium Search Theory
Aoki, Masanao; Yoshikawa, Hiroshi - 2008
The standard Walrasian equilibrium theory requires that the marginal value product of production factor such as labor is equal across firms and industries. However, productivity dispersion is widely observed in the real economy. Search theory allegedly fills this gap by encompassing apparent...
Persistent link: https://www.econbiz.de/10010298573
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Search Theory and Commuting Behavior
Rouwendal, Jan - 2004
In this paper I argue that search theory is a useful addition to the way economists and geographers have approached the study of commuting behavior. This is illustrated by showing that introduction of a spatial element into the standard model of job search leads to the prediction of critical...
Persistent link: https://www.econbiz.de/10010325209