currency or an international central bank. This paper focuses on Hayek’s overall philosophy on international money mechanism … bank and his concerned over unstable arrangements in money mechanism,which, he believes, profoundly affects economic and …

ABSTRACTThis paper considers the question: - In face of changes in the demand for money resulting from an increase in … for a normative conclusion about the convenience of a monetary regime with a State monopoly of the money supply, forced … legal tender and central bank versus the alternative of competitive money supply.RESUMEN¿ANTE LOS CAMBIOS EN LA DEMANDA DEL …

of conventional forms of money and CBDC. We analyze the impact of four different CBDC regimes: (i) no CBDC, (ii) each …

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 …

Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been … money. Is that because quantities of money are irrelevant to economic activity? To examine the role of monetary quantities … Singapore, this paper applies the user cost of money formula and the recently developed credit-card-augmented Divisia monetary …

money should co-exist and interact with existing forms of money. This paper evaluates three different scenarios for the … implementation of CBDC in terms of their monetary policy implications. In the ‘money user scenario' CBDC co-exists with both cash and … commercial bank deposits. In the ‘money manager scenario' cash is abolished and CBDC co-exists only with commercial bank deposits …

Bitcoin is the most successful cryptocurrency and one of the best types of private money ever. The blockchain … digital realm: as such it might play a role in shaping the future of money and our digital civilization …