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gold in the monetary system. In particular, there has been a proposal to employ gold as a nominal anchor or asset for the … analyzed in the article. The author describes different historical systems of money, the gold standard and, using concrete … figures, the potential role of gold in backing-up issued money. It is the author’s conviction that the role of gold in the …
Persistent link: https://www.econbiz.de/10011195000
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
This paper develops a model of the impact of monetary policy on the price level under a gold standard. The model is … particular, it will be demonstrated that under a gold standard, monetary policy can have a permanent effect on the price level …
Persistent link: https://www.econbiz.de/10005769809
chapters are supplemented by two additional showing that gold still regulates the dollar’s value, and that unpaid reproductive … investment, and that product innovations can mitigate problems of over-production resulting from process innovations. …
Persistent link: https://www.econbiz.de/10011193715
Purpose – This study aims to look into how volatility significantly impacts the tracking error for daily-rebalanced leveraged bull and bear ETFs. Design/methodology/approach – Using Morningstar return data and Chicago Board Options Exchange (CBOE) volatility index (VIX) data, the paper...
Persistent link: https://www.econbiz.de/10010709751
of the investments. The departure point is represented by the enlargement of the sphere of content of the investment …
Persistent link: https://www.econbiz.de/10005760960
advantages and shortcomings are defined. Expediency of creation of off-budget trust investment fund of modernization and … development of the gas transmission system of Ukraine as optimum way of investment providing national GTS which unlike existing …
Persistent link: https://www.econbiz.de/10011215044
Die strategische Asset Allokation ist die für den langfristigen Anlageerfolg wichtigste Entscheidung eines Kapitalanlegers. Eine fundierte Entscheidung erfordert einen mehrstufigen, strukturierten Prozess. Der Anleger muss sich mit den realistischen Chancen des Kapitalmarktes und mit seinen...
Persistent link: https://www.econbiz.de/10009207011
Persistent link: https://www.econbiz.de/10005037410
The impact of uncertainty on firms? investment outlays is subject to an ongoing debate. Theory identifies several … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …?s investment outlays using the database of the Deutsche Bundesbank's corporate balance sheet statistics. Our database represents …
Persistent link: https://www.econbiz.de/10005083086