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Destabilizing the Global Monetary System : Germany's Adoption of the Gold Standard in the Early 1870s

Wiegand, Johannes - 2019

In 1871-73, newly unified Germany adopted the gold standard, replacing the silver-based currencies that had been prevalent in most German states until then. The reform sparked a series of steps in other countries that ultimately ended global bimetallism, i.e., a near-universal fixed exchange...

Persistent link: https://www.econbiz.de/10012889160

Regional Monetary Standards and Medieval Bracteates

Svensson, Roger - 2021

strong link between bracteates and periodic re-coinage explain the large number of bracteate types. The classification and … central problem when classifying bracteates is that most of them are anonymous, i.e., there are seldom any legends or letters …. However, bracteates struck in closely located mints almost always have the same regional monetary standard. In this study, I …

Persistent link: https://www.econbiz.de/10013237706

How are Inflation Targets Set?

Horváth, Roman - 2010

This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first gather evidence from official central bank and government publications and from a questionnaire sent to central banks on how inflation targets are set; we then estimate the...

Persistent link: https://www.econbiz.de/10013136517

Verdict on the Crash : Causes and Policy Implications

Booth, Philip - 2009

This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have done, it appears that statutory regulation...

Persistent link: https://www.econbiz.de/10013156184

How Low Can Central Banks Go? The Banking Threshold to Negative Interest Rates

Berriel, Tiago - 2019

Abstract Negative interest rates policies (NIRP), usually depicted in economic textbooks as an impossibility due to the prospect of infinite demand for money, are now a reality in several countries due to different reasons. But while the ZLB has been surpassed when it comes to Central Banks, it...

Persistent link: https://www.econbiz.de/10012899581

The Implication of Defi (Decentralized Finance) in Disrupting the Global Banking System

Mahmud, Sakib; Wahid, Tahmid; Chowdhury, Ayesha Nehar; … - 2023

Decentralized finance (DeFi) has emerged as a credible challenger in the financial industry's current norms. It employs cutting-edge solutions to decentralize banking and industry concepts and provide financial services to anybody, everywhere. It also intends to improve financial inclusion by...

Persistent link: https://www.econbiz.de/10014353542

Monetary Policy in the Age of Cryptocurrencies

Nguyen Thanh, Binh; Perera, Devmali; Nguyen Thanh, Phong; … - 2023

Money has been the foundational layer for economic activity throughout the history of human civilisations. Sound money that can be reliably used as a store of value, a medium of exchange and a unit of account is critical for economic development and prosperity. Many types of monetary technology...

Persistent link: https://www.econbiz.de/10014355369

Just Do it? An Assessment of Inflation Targeting in a Global Comparative Case Study

Duncan, Roberto; Martínez-García, Enrique; Toledo, … - 2022

This paper proposes new measures of the effectiveness of inflation targeting (IT) and evaluates its main drivers in a (large) sample of advanced economies (AEs) and emerging market and developing economies (EMDEs). Using synthetic control methods, we find that IT has heterogeneous effects on...

Persistent link: https://www.econbiz.de/10014238532

How are inflation targets set?

Horváth, Roman; Matějů, Jakub - 2011

Persistent link: https://www.econbiz.de/10008798081

Monetary Facts Revisited

Gertler, Pavel - 2016

This paper uses a cross-country database covering 46 economies over the post-war period to revisit two key monetary facts: (i) the long-run link between money growth and inflation and (ii) the link between credit growth and financial crises. The analysis reveals that the former has weakened over...

Persistent link: https://www.econbiz.de/10012989876