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comprehensive framework for sustainable money solutions in support of social assistance. The framework consists of eight building … blocks that may help policymakers i) take stock and assess emergency fixes taken to scale up mobile money in a crisis context …
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"money" in a capitalist society? And, indeed, what is "power" in the first place? In the following I will try to develop a …
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Under what conditions can cooperation be sustained in a network of strangers? Here we study the role of institutions and uncover a new behavioral foundation for the use of monetary systems. In an experiment, anonymous subjects could cooperate or defect in bilateral random encounters. This...
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Today all countries have fiat money issued by a central bank. There is no obligation by a central bank to exchange its … money for gold or any other good. Central banks have the monopoly to issue central bank money and have the power to create … their money out of nothing. Creating such a monetary system is functional for a capitalist economy and must be regarded as a …
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