New France, like most European colonies in the New World, suffered from a persistent shortage of metal coins. As Quebec could only legally import from France, their standards of living were constrained by their ability to export a few primary products (mostly fur, cod, timber and wheat)....

Can tight and centralized financial regulations prevent financial crises? Governments usually respond to financial crises with tightening and centralizing financial regulations. In this paper, we explore the historical parallels between the governmental responses to the financial crises at the...

When analysing any social phenomenon, encounters among different social science disciplines and fields of investigation dispersed over time and space may well produce illusory rapprochements. Such encounters nevertheless have great potential for producing truly common knowledge. In matters of...

New France, like most European colonies in the New World, suffered from a persistent shortage of metal coins. As Quebec’s imports were limited by French mercantilist policies, their standards of living were constrained by their ability to export a few primary products (mostly fur, cod, timber...

Monetary policies are very important in any economy. However, they are dominantly hectic and characterized with frequent changes in developing countries. In Sudan, there were many changes during the past three decades, mostly were not compatible with coherent economic logic. The country's...

The theory of endogenous money is the cornerstone of Post-Keynesian economics, which dates back to the pioneering writings of authors such as J. Robinson, Kaldor and Kalecki. Second generation Post-Keynesians such as Paul Davidson and Basil Moore have clearly drawn the boundaries of...

The first attempt in the human history to consciously create money ended in a collapse in 1720, well-known as the money mania. This unfortunate start raises doubt on money creation as a whole such that today there are still voices questioning created money even though it is now indispensible for...

Can tight and centralized financial regulation prevent financial crises? Governments usually respond to financial crises with tightening and centralizing financial regulation. In this paper, we explore the historical parallels between the governmental responses to the financial crises at the end...

We find evidence that the runs on banks and trust companies in the Panic of 1907 were linked to the Bank of England's contractionary monetary policy actions taken in 1906 and 1907 through the medium of copper prices. Results from our VAR models and copper stockpile data support our argument that...

I review the original Monetary Commission's origins and contribution to the legislative effort that led to the passage of the Federal Reserve Act. My immediate purpose is that of identifying that Commission's merits and shortcomings, with the aim of informing the current effort to establish a...