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Attempts to look into the question of causality between money and prices in the context of international comparison in … Philippines were used as case studies. Regarding the money‐price causality direction, the study based on both bivariate and … money supply that was the leading variable as the monetarists maintain and not the other way around as the structuralists …
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The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The area’s external position and the real effective exchange rate of the euro are...
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There has been a considerable revival of academic interest in questions about the fundamental nature of money and its …—particularly equilibrium theory—has been unable to explain money’s existence and to assign it an essential role in its models. These questions … of risk and value in financial and money markets. This collection of essays is the result of a workshop held at Bocconi …
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The essential aim is to reconstruct the original Marx's original theory of money in order to assimilate more recent … theories of endogenous money and credit-creation. It will be argued that Marx's original commodity theory of money is quite … limited and historically specific to his own era. However, commodity money only represents a particular historical form of the …
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