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Bargeld quo vadis?
Morscher, Christof; Schlothmann, Daniel; Horsch, Andreas - 2017
Nachdem eine Bargeldabschaffung schon vor längerem u.a. von Wissenschaftsvertretern wie Rogoff, Summers und Bofinger diskutiert und im Ergebnis befürwortet wurde, scheint das Thema aufgrund aktueller Entwicklungen sowie bereits vollzogener Maßnahmen verstärkt in Wissenschaft und Praxis...
Persistent link: https://www.econbiz.de/10011646056
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Power theory of exchange and money
Stefanov, Yaroslav - In: Economies 10 (2022) 1, pp. 1-16
Modern exchange theories model a large market, but do not explain single exchanges. This paper considers the phenomenon of single exchange and formulates the general exchange problem in the form of a system of two equations, subjective and objective. Subjective equilibrium is given by the...
Persistent link: https://www.econbiz.de/10013199967
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An endogenous growth model of money, banking, and financial repression
Espinosa, Marco; Yip, Chong K. - 1996
In this paper, we develop an endogenous growth model with financial intermediation to examine the effects of financial repression on growth, inflation, and welfare. By limiting the liquidity provision, binding reserve requirements always suppress economic growth while their effect on inflation...
Persistent link: https://www.econbiz.de/10010397436
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The 21st century scandal must be prevented : Keynes vs Hazlitt
Davar, Ezra - In: Modern economy 7 (2016) 3, pp. 353-370
Persistent link: https://www.econbiz.de/10011548776
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How flaws in the general theory render it irrelevant to the real world
Davar, Ezra - In: Modern economy 5 (2014) 1, pp. 93-104
Persistent link: https://www.econbiz.de/10010412930
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Power theory of exchange and money
Stefanov, Yaroslav - In: Economies : open access journal 10 (2022) 1, pp. 1-16
Modern exchange theories model a large market, but do not explain single exchanges. This paper considers the phenomenon of single exchange and formulates the general exchange problem in the form of a system of two equations, subjective and objective. Subjective equilibrium is given by the...
Persistent link: https://www.econbiz.de/10012800890
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Bargeld quo vadis?
Morscher, Christof; Schlothmann, Daniel; Horsch, Andreas - 2017
Nachdem eine Bargeldabschaffung schon vor längerem u.a. von Wissenschaftsvertretern wie Rogoff, Summers und Bofinger diskutiert und im Ergebnis befürwortet wurde, scheint das Thema aufgrund aktueller Entwicklungen sowie bereits vollzogener Maßnahmen verstärkt in Wissenschaft und Praxis...
Persistent link: https://www.econbiz.de/10011643516
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The value of inside and outside money: expanded version
Bullard, James; Smith, Bruce D. - Federal Reserve Bank of St. Louis - 2001
We study dynamic economies in which agents may have incentives to hold both privately-issued (a.k.a. inside) and publicly-issued (a.k.a. outside) circulating liabilities as part of an equilibrium. Our analysis emphasizes spatial separation and limited communication as frictions that motivate...
Persistent link: https://www.econbiz.de/10005360600
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The value of inside and outside money
Bullard, James; Smith, Bruce D. - Federal Reserve Bank of St. Louis - 2001
We study dynamic economies in which agents may have incentives to hold both privately-issued (a.k.a. inside) and publicly-issued (a.k.a. outside) circulating liabilities as part of an equilibrium. Our analysis emphasizes spatial separation and limited communication as frictions that motivate...
Persistent link: https://www.econbiz.de/10005360633
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Money
Madison, James - In: Economic Review (1998) Q I, pp. 2-6
An essay, written in 1779-80, concerning the relationship between money growth, government liability issues, and inflation.
Persistent link: https://www.econbiz.de/10005360772