Showing 91 - 100 of 10,778
Persistent link: https://www.econbiz.de/10010478835
This paper focuses on the quest ion whether reserve requirements can contribute anything to the stabilization of financial markets and economic activity ...
Persistent link: https://www.econbiz.de/10010478836
Developments in information technology are fundamentally changing many traditional business models. Progress in the IT area is bringing about one change in particular: it is reducing search costs and allowing buyers and sellers of products and services to find each other directly on web-based...
Persistent link: https://www.econbiz.de/10010527492
During the Great Recession numerous central banks have implemented various unconventional monetary policy measures. This paper aims to empirically evaluate two particular types of unconventional policies (forward guidance and quantitative easing) in a structural manner. The primary aim is to...
Persistent link: https://www.econbiz.de/10011786060
This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry trades; persistent asset bubbles or zero lower bounds; and financial crises. It extends Keen (Solving the Paradox of Monetary Profits, 2010) and the Theory of the Monetary Circuit...
Persistent link: https://www.econbiz.de/10010309299
This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry trades; persistent asset bubbles or zero lower bounds; and financial crises. It extends Godley and Lavoie (Monetary Economics: An Integrated Approach to Credit, Money, Income,...
Persistent link: https://www.econbiz.de/10010310322
While both public and private financial agencies supply asset markets with large quantities of information, they do not necessarily disclose all asset-related information to the general public. This observation leads us to ask what principles might govern the optimal disclosure policy for an...
Persistent link: https://www.econbiz.de/10010316837
Classical models of money are typically based on a competitive market without capital or credit. They then impose exogenous timing structures, market participation constraints, or cash-in-advance constraints to make money essential. We present a simple model without credit where money arises...
Persistent link: https://www.econbiz.de/10010316880
Das Papier untersucht die durch eine Europäische Währungsunion zu erwartenden Änderungen der Geldschöpfungsgewinne der Mitgliedsländer. Dazu werden die zwischen 1980 und 1995 erzielten einzelstaatlichen Geldschöpfungsgewinne nach dem monetären und dem Opportunitätskostenkonzept...
Persistent link: https://www.econbiz.de/10010317591
The economic works of Johann Heinrich von Thünen include 1,000 unpublished pages of drafts and notes on the basis of which he prepared the second volume of his famous 'Isolated State in Relation to Agriculture and Political Economy'. Thünen wrote his texts in the so-called Deutsche...
Persistent link: https://www.econbiz.de/10010319238