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Monetary Instability, Lack of Integration and the Curse of a Commodity Money Standard. The German Lands, c.1400–1900 A. D.
Rössner, Philipp Robinson - In: Credit and Capital Markets 47 (2014) 2, pp. 297-340
Currency debasement, defined as a loss of precious metal content (intrinsic value) of the circulating penny currencies … sustained; between 1400 and 1900 A. D. the (south) German penny currencies lost close to 90 per cent of their intrinsic value … debate, using long-run data on the circulating small change currencies in the German lands, c.1400–1900. After an …
Persistent link: https://www.econbiz.de/10010927989
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Bitcoin as a virtual currency
Wisniewska, Anna - 2015
The aim of this article is to show the position of Bitcoin among virtual currencies. On the basis of the reports … sources, there have been presented the types and the history of virtual currencies, the way in which Bitcoin functions and the … methods of acquiring it. The article is based on the assumption that an in-depth knowledge of virtual currencies, their …
Persistent link: https://www.econbiz.de/10012232438
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Effects of Macroeconomic Variables on Inflation Rates in Sudan (1990-2008)
Mohamed, Issam A.W. - 2011
was also a positive but weak and insignificant correlation between deficit financing and foreign currencies exchange rates …
Persistent link: https://www.econbiz.de/10013128190
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The Impacts of Financial Policies on Inflation Rates in Sudan (1989-2010)
Mohamed, Issam A.W. - 2012
The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis depended on time series data and was divided into theoretical and applied analytical framework. An econometric model was utilized to reflect the relations between financial policy...
Persistent link: https://www.econbiz.de/10013107752
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Monetary Expectations of the Romanian Executives Regarding the Adheration
Stefanescu, Razvan - 2013
This paper explores the monetary expectations induced to the managers of Romanian firms by adheration. It is based on an investigation among twenty Romanian executives regarding the impact on adheration over monetary aspects: inflation, exchange rates and adoption of euro. We conclude that the...
Persistent link: https://www.econbiz.de/10013072855
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The Two Demands : Why a Demand for Non-Consumable Money is Different From a Demand For Consumable Goods
Levando, Dmitry - 2020
The paper explicitly discusses the key differences between a demand for consumables and demand for (non-consumable) credit money. For example, in contrast to consumables, money cannot be demanded by only one agent; it is a stock variable; credit requires special arrangements to implement trust...
Persistent link: https://www.econbiz.de/10012833926
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2017 Global Cryptocurrency Benchmarking Study
Hileman, Garrick - 2017
The first global cryptocurrency benchmarking study presents a systematic and comprehensive picture of a rapidly evolving industry, illustrating how cryptocurrencies are being used, stored, transacted and mined. The study gathered non-public data from more than 100 cryptocurrency companies and...
Persistent link: https://www.econbiz.de/10012956785
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Finance for All : The Success of the Market-Led Approach to Financial Development in the Developing World
Burns, Scott - 2019
Economists have long argued that inclusive and well-developed financial systems play a critical role in fostering economic growth and development. However, the question of what is the best means of achieving financial development has long remained a puzzle in the development finance literature....
Persistent link: https://www.econbiz.de/10012902583
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Cryptocurrencies, Network Effects, and Switching Costs
Luther, William J. - 2018
Cryptocurrencies are digital alternatives to traditional government-issued paper monies. Given the current state of technology and skepticism regarding the future purchasing power of existing monies, why have cryptocurrencies failed to gain widespread acceptance? I offer an explanation based on...
Persistent link: https://www.econbiz.de/10012938422
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Endogenous Currency Formation in an Online Environment : The Case of Diablo II
Salter, Alexander William - 2016
This paper presents a case study of the emergence of currency from a barter economy. We use this case study to attempt to shed light on the relative importance of various types of frictions that lead to the emergence of money in search-theoretic models of currency formation. In particular, our...
Persistent link: https://www.econbiz.de/10013006940