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Graph representation of balance sheets: from exogenous to endogenous money
Pitrou, Cyril - Volkswirtschaftliche Fakultät, … - 2015
A graph representation of the financial relations in a given monetary structure is proposed. It is argued that the graph of debt-liability relations is naturally organized and simplified into a tree structure, around banks and a central bank. Indeed, this optimal graph allows to perform payments...
Persistent link: https://www.econbiz.de/10011262872
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The future of central bank cooperation
Simmons, Beth A - Bank for International Settlements (BIS) - 2006
Central bank cooperation depends on a few crucial parameters: the extent to which central bankers agree on theory (end … institutional) to achieve their collective goals; and whether the broader political environment facilitates or impedes cooperation … backgrounds. These conditions may be conducive to high levels of cooperation in the future. Second, I explore the "easiest" form …
Persistent link: https://www.econbiz.de/10005121438
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Central bank collateral frameworks
Nyborg, Kjell G. - 2015
forces and discipline. The paper also emphasizes the important role of ratings and government guarantees in the Eurosystem …
Persistent link: https://www.econbiz.de/10011296085
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The Bank of Amsterdam through the lens of monetary competition
Quinn, Stephen; Roberds, William - 2012
In 1683 the Bank of Amsterdam introduced a form of fiat money that successfully competed with the coinage of the time. We argue that the principal motive for this monetary innovation was the uncertain value of coins circulating within the Dutch Republic. The Bank's fiat money regime persisted...
Persistent link: https://www.econbiz.de/10010292366
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Die Deutsche Bundesbank in der Globalsteuerung : zur Diskussion über die Instrumente und die Unabhängigkeit der Zentralbank in der Ära Schiller (1966–1972)
Marx, Christian - In: VSWG: Vierteljahrschrift für Sozial- und … 111 (2024) 3, pp. 277-307
stability. In the end, their implementation was rejected as the government demanded participation rights that contradicted the …
Persistent link: https://www.econbiz.de/10015051517
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Die Deutsche Bundesbank in der Globalsteuerung: Zur Diskussion über die Instrumente und die Unabhängigkeit der Zentralbank in der Ära Schiller (1966-1972)
Marx, Christian - In: Vierteljahrschrift für Sozial- und … 111 (2024) 3, pp. 277-307
stability. In the end, their implementation was rejected as the government demanded participation rights that contradicted the …
Persistent link: https://www.econbiz.de/10015051833
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Flexible majority rules for cryptocurrency issuance
Gersbach, Hans - 2019 - This version: May 2019
We suggest that flexible majority rules for currency issuance decisions foster the stability of a cryptocurrency. With flexible majority rules, the voteshare needed to approve a particular currency issuance growth is increasing with this growth rate. By choosing suitable parameters for these...
Persistent link: https://www.econbiz.de/10012023545
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Do we need central bank digital currency? : economics, technology and institutions
Gnan, Ernest (ed.); Masciandaro, Donato (ed.) - Do We Need Central Bank Digital Currency?: Economics, …; … - 2018
Persistent link: https://www.econbiz.de/10011944433
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exchange market pressure
Jager, Henk; Klaassen, Franc - Palgrave Macmillan
Currencies can be under severe pressure in the foreign exchange market, but in a fixed (or managed) exchange rate regime that is not fully visible via the change in the exchange rate. Exchange market pressure (EMP) is a concept developed to nevertheless measure the pressure in such cases. This...
Persistent link: https://www.econbiz.de/10009395639
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The Mexican Economy and the 2012 Elections
Ray, Rebecca; Weisbrot, Mark - Center for Economic and Policy Research (CEPR) - 2012
This paper examines some of the economic issues that could be relevant to Mexico’s July 1st presidential election. These include the short-term impact of the 2008-2009 recession and recovery; the longer-term record of Mexico’s economy since the Partido Acción Nacional (PAN) party took power...
Persistent link: https://www.econbiz.de/10010556769