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Victor Collin de Plancy (1852-1923) est connu pour avoir été le premier représentant de la France, consul puis ministre plénipotentiaire en Corée de 1887 à 1906. Son fonds déposé à la Médiathèque de Troyes a déjà été utilisé dans le colloque du programme DAMIN à Osaka pour...
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"In the "Pocket Money Project," researchers from four countries, Japan, Korea, China, and Vietnam collaborated and …
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In this paper we estimate a simple New-Keynesian DSGE model with German data for the sample period 1970:q1 to 1998:q4. Contrary to a number of recent similar papers estimated with US and euro-area data, we find that real money balances contribute significantly to the determination of inflation...
Persistent link: https://www.econbiz.de/10010295763
What role does (should) money play in modern central banking? To answer this question, it is necessary to distinguish between the different level playing fields of monetary policy. At the operational level, it is a short-term money market rate which the central bank tries to and can control....
Persistent link: https://www.econbiz.de/10010327329
In this paper, we study in?nitely repeated games with imperfect public monitoring and the possibility of monetary transfers. We develop an effcient algorithm to compute the set of pure strategy public perfect equilibrium payoffs for each discount factor. We also show how all equilibrium payoffs...
Persistent link: https://www.econbiz.de/10010333754
In this paper I show that a lax anti-counterfeiting policy is inconsistent with price stability. I use a deterministic matching model with no commitment and no enforcement. An intrinsically worthless but perfectly durable object called a ‘note’ can be produced by banks at a given cost, but...
Persistent link: https://www.econbiz.de/10011604558
At their essence, blockchains are digital sequences of numbers coded into computer software that permit the secure exchange, recording, and broadcasting of transactions between individual users operating anywhere in the world with Internet access. Like most technological changes, the development...
Persistent link: https://www.econbiz.de/10011902032
As the recent financial crisis has revealed, the state is central to the stability of the money system, while the chaotic privately-owned banks reap the benefits without shouldering the risks. This book argues that money is a public resource that has been hijacked by capitalism. Mary Mellor...
Persistent link: https://www.econbiz.de/10011903333