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. Inflation is projected to accelerate only gradually - modest levels of core inflation are largely due to structural factors and …
Persistent link: https://www.econbiz.de/10012143301
standard historical form of money made up of gold and silver coins, and the second was a set of small pieces of copper and …
Persistent link: https://www.econbiz.de/10012611343
An evolutionary model of the bank size distribution is presented based on the exchange and creation of deposit money … on the idea that the size distribution is the result of the competition between banks for permanent deposit money. The …
Persistent link: https://www.econbiz.de/10010332949
money. Since the early 1930s Hayek had been concerned about the role of money in the theory of production (Hayek, 1931 … information to correctly manage the money supply. Frederic von Hayek, in fact, restated the relevance of concepts and ideas … over the issue of fiat money to prevent price instability (Hayek, 1976). His defense of a complete privatization of money …
Persistent link: https://www.econbiz.de/10011557602
new money is created. We also aim to go further and argue that a proper understanding of how new money is created has such … possibilities. Our main argument is that the received truth of the fractional reserve theory or ‘money multiplier’ model taught in … most economics textbooks cannot explain the expansion of the money supply by logic, simple math and by basic bank …
Persistent link: https://www.econbiz.de/10011669114
role of money and its functions in real economies by showing the limitations and inefficiencies of the traditional barter …We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on … money needs to possess in order to function as an efficient medium of exchange, unit of account, and store of value. …
Persistent link: https://www.econbiz.de/10012140512
Elsewhere I argue that the legal concept of property was created in the image of money in the late Roman Republic … main way of structuring financial corporate power, especially money market funds (MMFs), is a propertization of contractual … financial corporate power, especially MMFs and their money-creation mechanism. The paper also explores how the propertization of …
Persistent link: https://www.econbiz.de/10011907001
The aim of this paper is to theoretically analyse the issues concerning the introduction of alternative moneys. A brief performance evaluation of the current monetary system, as well as two alternatives, namely gold and a private currency, i.e. the Swiss WIR, is followed by a historical look at...
Persistent link: https://www.econbiz.de/10011922770
-paid scheme combining central elements of TARGET Instant Payment Settlement and electronic money features enabling offline and …
Persistent link: https://www.econbiz.de/10014523455
In Ireland, there was a bank strike that led to a complete shut-down of the main part of the banking system from May to November 1970. The effects of this strike were surprisingly limited. This had led some observers to conclude that trade credit can easily substitute for bank deposits as a...
Persistent link: https://www.econbiz.de/10014523779