This paper surveys the literature of the Bullionist controversy which dominated the development of Classical monetary economics between 1797 and the early 1820s. It highlights the contributions of Henry Thornton to the early phase of the debate, particularly his refutation of the Real Bill...

New institutional economics lacks a theory of state formation which could help us to deal with the mega question of why some states became more efficient than others at establishing and and sustaining institutions. Some kind of middle range theory could be formulated based upon historical case...

Die Haushaltsdefizite und die Staatsverschuldung haben in Deutschland ein hohes Niveau erreicht. Wird aber die staatliche Verschuldung überhaupt korrekt erfasst und bildet die Kameralistik die tatsächlichen Belastungen richtig ab? Lässt sich mit Hilfe der doppelten Buchführung mehr Klarheit...

The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism - hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...

Im ersten Quartal 2017 wurde beim ifo World Economic Survey die Sonderfrage nach den Wirkungen des Freihandels auf das Land, in dem der befragte Experte ansässig ist, gestellt. Knapp drei Viertel der befragten Experten bewerten den Freihandel als positiv; gerade einmal 15% halten ihn für...

The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...

The paper investigates the extent to which the dollar/sterling exchange rate fluctuations affect coffee and cocoa futures prices on the London LIFFE and the New York CSCE by means of multivariate GARCH models - under the assumption that traders in perfectly competitive markets have equal access...