Ist das Geld am Ende? Wohl eher nein. Am Ende dagegen erscheint die Art, wie Geld bisher erklärt und gehandhabt wurde. Genau diesem Anliegen widmet sich Walter Schmidt. Sein Buch bietet Anregungen für andere Sichten und Handlungsoptionen für Preis und Geld.Schmidt will durch eine gezielte...

This paper studies the social value of public information in environments without common knowledge of data-generating process. We show that the stronger is the coordination motive behind agents behaviour, the more they would like to interpret private or public signals in the way that they...

Discussions on Central Bank Digital Currencies (CBDCs) have so far mostly focused on the potential risks that these currencies could represent for financial intermediation and financial stability. It is important, however, to also consider how they could contribute to the welfare of citizens,...