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differences in relative prices can be explained as well by real factors. Thus the core theme of the paper: 'money matters', though …
Persistent link: https://www.econbiz.de/10010575181
dual role the dollar as the dominant international money and national money cannot be easily reconciled because the US … international public good of a stable money. To strengthen the IMS, China has advocated the revitalization of the Special Drawing … Rights (SDRs). But SDRs are neither money nor a claim on any international institution; are issued exogenously without any …
Persistent link: https://www.econbiz.de/10013071028
The quantum money (q-money) as a possible convenient, socially innovative, technologically attractive and user … a number of topics: 1. The historical evolution of the money in the financial systems within the economies of the scales … and scopes over the centuries. 2. The definition on the electronic money in the financial systems within the economies of …
Persistent link: https://www.econbiz.de/10013011623
This paper explores the gains to monetary union. We consider a two-country overlapping generations model. Agents work when young and have random tastes over the composition (domestic vs. foreign goods) of old age consumption. In equilibrium, governments require that local currncy be used for...
Persistent link: https://www.econbiz.de/10005245469
, as part of its task of overall supervision of the money supply. …
Persistent link: https://www.econbiz.de/10005671361
To convince international financial investors of the high real value of the Euro, the EMU has established rules that must be enforced in both the short and the long run. These rules are explained and the economics behind them criticized in the context of a monetary production economy in which...
Persistent link: https://www.econbiz.de/10005769938
This paper examines whether the states brought together in the Italian monetary union of the nineteenth century constituted an optimum monetary area, either before or after unification. Interest rate shocks indicate close relations between states in northern Italy but negative correlations...
Persistent link: https://www.econbiz.de/10010322818
This paper examines whether the states brought together in the Italian monetary union of the nineteenth century constituted an optimum monetary area, either before or after unification. Interest rate shocks indicate close relations between states in northern Italy but negative correlations...
Persistent link: https://www.econbiz.de/10013370030
Central banks around the world have substantial domestic and foreign financial assets and liabilities on their balance sheets reflecting their role as monetary authorities. This paper explores the long-term trends in risk and return in central banking using the central bank of Denmark, Danmarks...
Persistent link: https://www.econbiz.de/10011754960
This paper offers a fact-oriented chronology of the Danish exchange-rate policy since the introduction of the krone as the Danish currency unit in 1875.
Persistent link: https://www.econbiz.de/10010321237