The quantum money (q-money) as a possible convenient, socially innovative, technologically attractive and user … a number of topics: 1. The historical evolution of the money in the financial systems within the economies of the scales … and scopes over the centuries. 2. The definition on the electronic money in the financial systems within the economies of …

regulations (which led to a deep decline in the money multiplier). However, there are numerous signs in both the real and …

Prior to the financial crisis mainstream monetary policy practice had become disconnected from money. We outline the … basic rationale for this development using a simple model of money and credit in which we explore the conditions under which … money matters directly for the conduct of policy. Then, drawing on Goodfriend and McCallum's (2007) DSGE model, we examine …

aggregate (CEMA) for India using the components of a broad monetary aggregate NM3 recommended by the working group on Money … aggregate via a money demand function are compared with its simple sum counterpart NM3. The results suggest the superiority of …

Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been … money. Is that because quantities of money are irrelevant to economic activity? To examine the role of monetary quantities … Singapore, this paper applies the user cost of money formula and the recently developed credit-card-augmented Divisia monetary …

This paper introduces an empirical measure of the cost of allocating money market volatility between the money stock …

liquidity in the form of currency and demand deposits. As a result, the money-supply multipliers substantially decreased, so … that the actual money supply measures grew more moderately than the base. The sustained multiplier-collapse spawned … money-multiplier collapse into changes in the currency-to-deposit ratios, and changes in the reserve-to-deposit ratio. By …

We show that decentralized privately created money with unstable values can hinder the traded, more transaction … new federally-regulated, fully-backed currency as an alternative to the pre-existing money supply, which consisted of … this new type of stable, federally-backed money as a natural experiment, we show that places gaining access to the new …

satisfactorily described by an interest rate rule without addressing the details of the money supply. We investigate whether this … approach remains valid in the presence of inside money created by the banking system. To analyze this issue we present a … to implement a policy based on an interest rate rule even in the presence of inside money, although it requires a more …