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We develop a generic model of money and liquidity that identifies sources of liquidity bubbles and seignorage rents. We provide sufficient conditions under which a swap of monies leaves the equilibrium allocation and price system unchanged. We apply the equivalence result to the "Chicago Plan,"...
Persistent link: https://www.econbiz.de/10012112096
We develop a generic model of money and liquidity that identifies sources of liquidity bubbles and seignorage rents. We provide sufficient conditions under which a swap of monies leaves the equilibrium allocation and price system unchanged. We apply the equivalence result to the "Chicago Plan",...
Persistent link: https://www.econbiz.de/10012271930
In this paper I outline – from a practitioner’s as well as from a researcher’s perspective – several of the key developments that took place during the last century in monetary policy. In particular, I describe how the monetary system evolved from gold standard, prevailing throughout...
Persistent link: https://www.econbiz.de/10011506706
Central banks in developing countries, wanting to devalue the domestic currency, usually intervene in the foreign exchange market by buying up foreign currency using domestic money-often backing this up with sterilization to counter inflationary pressures. Such interventions are usually...
Persistent link: https://www.econbiz.de/10010292055
Access to safe water is necessary for lives and livelihoods. In India, a mid-term assessment reveals that the country … factors constrain access to safe drinking water and proper sanitation in India for both the urban and rural poor, and that …
Persistent link: https://www.econbiz.de/10010293264
Between 2004/2005 and 2009/2010 there was a sharp fall in female labor force participation (LFP) in rural India. Why …
Persistent link: https://www.econbiz.de/10010293542
reduction credits from projects in developing countries. Various studies have concluded that India is likely to be one of the … status of the CDM stakeholders in India, assesses risk perspectives of CDM projects and provides suggestions for approaches …
Persistent link: https://www.econbiz.de/10010295380
potential international markets for greenhouse gases offsets through the CDM and facilitate implementation of CDM in India, a … livestock sector, in particular has not been included in the ambit of NSS, although in India total emissions of methane from … in the dairy sector in India, estimates the cost of various methane mitigation strategies in the sector and highlights …
Persistent link: https://www.econbiz.de/10010295406
climatic zones across India leads to energy use per m2 which is 3-4 times of the German average. We assess the potential to …
Persistent link: https://www.econbiz.de/10010295422
It is often assumed that recent success in the high-technology software industry will lead India's development. However … development pattern in India. …
Persistent link: https://www.econbiz.de/10010321626