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Persistent link: https://www.econbiz.de/10000831819
We analyse German citizens' knowledge about monetary policy and the European Central Bank (ECB), as well as the public's use of mass communication media to obtain information about the ECB. We employ a unique representative public opinion survey of German households conducted in 2011. We find...
Persistent link: https://www.econbiz.de/10010508550
We describe the interactive Fed Chairman Game available on the San Francisco Federal Reserve's website. We describe how the game can be used in a principles of macroeconomics class and provide an assignment to go along with it. Also, we discuss an assignment that can be used to adapt the game...
Persistent link: https://www.econbiz.de/10012707550
The Federal Reserve has become a Supra-National Central Bank with Monetary Policy Effects on foreign equity markets that exceed the host country’s domestic central bank policy. In this paper we utilize macroeconomic data to demonstrate an outsized effect on domestic equity markets by Federal...
Persistent link: https://www.econbiz.de/10013211938
This legal contribution reflects on the changing role of central banks in the global economy by observing three interconnected developments: globalization, regionalization and the global financial crisis. The hypothesis at the outset is that these developments which are to a considerable extent...
Persistent link: https://www.econbiz.de/10013131590
The Federal Reserve, the central bank of the United States, is one of the most important and powerful institutions in the world. Surprisingly, legal scholarship hardly pays any attention to the Federal Reserve or to the law structuring and governing its legal authority. This is especially...
Persistent link: https://www.econbiz.de/10013089325
Over a decade has passed since a mysterious creator under the alias Satoshi Nakamoto (a pseudonym) launched Bitcoin in January 2009, who designed it as a decentralized (permissionless) purely peer-to-peer network of electronic cash that runs on blockchain using cryptography and distributed...
Persistent link: https://www.econbiz.de/10013312603
Persistent link: https://www.econbiz.de/10003825008
This article considers the empirical record of the 1942-1951 period of Federal Reserve history when the Fed was more politically accountable and more independent of private financial interests. During the 1940s, federal spending was nearly twice as high as today, and federal borrowing was more...
Persistent link: https://www.econbiz.de/10013128342
The role of private, non-state actors in the international institutional and legal order is often praised for providing greater pluralism, public participation and transparency in the formulation of legal norms. Often overlooked are the ways that non-state actors undermine the sovereignty and...
Persistent link: https://www.econbiz.de/10012773528