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Issuing a Wholesale Central Bank Digital Currency: Why and How
Pfister, Christian - In: Intereconomics 59 (2024) 1, pp. 35-40
Although there are currently four retail central bank digital currencies in circulation, no central bank has yet issued the wholesale form of a central bank digital currency. There are good reasons to do so, however, and central banks have already conducted projects in this area. A wholesale...
Persistent link: https://www.econbiz.de/10014485127
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Can central banking policies make a difference in financial market performance in emerging economies? The case of India
Sharma, Gagan Deep; Mahendru, Mandeep; Srivastava, Mrinalini - In: Economies 7 (2019) 2, pp. 1-19
policies in these periods with respect to monetary stability, inflation, and growth challenges. The paper presents an analysis …
Persistent link: https://www.econbiz.de/10013199561
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The Political and Technical Aspects of Controlling Inflation
Gros, Daniel - In: Intereconomics 58 (2023) 3, pp. 133-135
After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …
Persistent link: https://www.econbiz.de/10014334696
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The Rocky Path to Inflation Reduction
Ferber, Markus - In: Intereconomics 58 (2023) 3, pp. 148-150
Persistent link: https://www.econbiz.de/10014334699
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El esquema de objetivos de inflación: Evidencia para América Latina (1999-2015)
Barros-Campello, Esther; Pateiro-Rodríguez, Carlos; … - In: Estudios de Economía 44 (2017) 2, pp. 223-250
established inflation targeting. An optimal monetary rule is estimated for these economies using the Generalized Method of Moments …
Persistent link: https://www.econbiz.de/10011985528
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How can a central bank exit quantitative easing without rapidly shrinking its balance sheet?
Tanaka, Atsushi - In: Central Bank Review (CBR) 22 (2022) 2, pp. 91-98
An important question for the major central banks of the industrialized world is how to design desirable strategies to exit quantitative easing (QE). At the exit, if a central bank needs to reduce rapidly the liquidity created by its balance sheet expansion, issuing new interest-bearing...
Persistent link: https://www.econbiz.de/10014547809
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Unemployment as a Target for Central Banks? The Case of Hysteresis
Belke, Ansgar - In: Credit and Capital Markets – Kredit und Kapital 51 (2018) 4, pp. 587-619
One of the most interesting questions for policymakers which have emerged from the financial crisis deals with the strength of links between the demand and supply sides of the economy. The traditional view that only cyclical policies influence the former, and structural policies the latter has...
Persistent link: https://www.econbiz.de/10014524305
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Monetary Instability, Lack of Integration, and the Curse of a Commodity Money Standard. The German Lands, c.1400–1900 A. D.
Rössner, Philipp Robinson - In: Credit and Capital Markets – Kredit und Kapital 47 (2014) 2, pp. 297-340
Currency debasement, defined as a loss of precious metal content (intrinsic value) of the circulating penny currencies over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was sustained; between 1400 and 1900 A. D. the (south) German...
Persistent link: https://www.econbiz.de/10014521702
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Ordoliberale Geldreform als Antwort auf die Krise? Bitcoin und Vollgeld im Vergleich
Weber, Beat - In: Vierteljahrshefte zur Wirtschaftsforschung 82 (2013) 4, pp. 73-88
In einem Umfeld kriseninduzierter Verunsicherung über das Funktionieren des Geldund Finanzsystems finden Forderungen nach einer grundsätzlichen Reform des Geldwesens verstärkte mediale Beachtung. Das elektronische Währungsprojekt Bitcoin und das Konzept Vollgeld sind zwei Varianten von Ideen...
Persistent link: https://www.econbiz.de/10011282551
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A double-edged sword: High interest rates in capital control regimes
Gudmundsson, Gudmundur S.; Zoega, Gylfi - In: Economics: The Open-Access, Open-Assessment E-Journal 10 (2016) 2016-17, pp. 1-38
This paper describes the relationship between central bank interest rates and exchange rates under a capital control regime. Higher interest rates may strengthen the currency by inducing owners of local currency assets not to sell local currency offshore. There is also an effect that goes in the...
Persistent link: https://www.econbiz.de/10011498081