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, and did not discount them for deficiencies in weight and fineness, except for those merchants dealing with gold coins in …
Persistent link: https://www.econbiz.de/10011132479
of QE in Japan was fighting deflation, whereas the fed addressed mostly strains in the banking system. …
Persistent link: https://www.econbiz.de/10009352501
Currency debasement, defined as a loss of precious metal content (intrinsic value) of the circulating penny currencies over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was sustained; between 1400 and 1900 A. D. the (south) German...
Persistent link: https://www.econbiz.de/10010927989
in gold coins as well as in silver coins, with a fixed bimetallic ratio. When the duke’s grandson, Philip the Good … gold coins, the Kortrijk fullers then demanded to be paid in gold; and with the drapers’ refusal and a sharp rise in the …
Persistent link: https://www.econbiz.de/10005790245
in gold coins as well as in silver coins, with a fixed bimetallic ratio. When the duke's grandson, Philip the Good … gold coins, the Kortrijk fullers then demanded to be paid in gold; and with the drapers' refusal and a sharp rise in the …
Persistent link: https://www.econbiz.de/10005827245
¿½ possibly because those debasements failed to counteract the prevailing forces of monetary contraction and deflation. Because so …
Persistent link: https://www.econbiz.de/10005030904
Burgundian rulers ever undertook coinage debasements to remedy these coinage scarcities and to combat deflation (with one minor … prevailing forces of monetary contraction and deflation. At the same time, however, because so many principalities then pursued …, of either the gold or silver coinages, from 1497 to 1686. But they had the luxury of alternative revenues from taxes on …
Persistent link: https://www.econbiz.de/10005248395
aggressive fiscal policy, and one highly effective in financing Henry VIII's wars with France and Scotland. The Great Debasement …
Persistent link: https://www.econbiz.de/10008742964
The paper investigates the relationship between relative price movements and changes in the aggregate price level using monthly data on Finland’s Consumer Price Index and its components from the period covering the past eight and a half years. This was a period of very low inflation. The rate...
Persistent link: https://www.econbiz.de/10005412660
This paper deals with the relationship between deflation and economic growth. Although there are numerous theories on … the potential effects of deflation on real output, empirical evidence in this field is still scarce and partial. In order … negative effect of deflation on output growth, alleged by some authors, disappears after adding a control variable. Second …
Persistent link: https://www.econbiz.de/10011078519