Wie ließe sich die große Vielfalt an funktionalen Geldsystemen systematisch erfassen und übersichtlich darstellen? Und, weil viele monetäre Wirkungsweisen umstritten sind, konkreter: Wie müsste eine grundlegende Wissensordnung zu Geldsystemen aufgebaut sein, damit sie für die untereinander...

Whether a theoretical system is realistic or not has been a concern in economics, particularly in monetary theory, over the past century. Following John R. Hicks' proposal that a realistic monetary theory could be constructed along an evolutionary path, starting with the workings of a real...

The paper analyzes why households in transition economies prefer to hold sizeable shares of their assets in cash at home rather than in banks. Using survey data from ten Central, Eastern and Southeastern European countries, I document the relevance of this behavior and show that cash preferences...