Economou, Emmanouil Marios L.; Kyriazis, Nicholas C.; … - In: Journal of Risk and Financial Management 14 (2021) 1, pp. 1-17
By analyzing the case of Athens during the Classical period (508-323 BCE) the main thesis of this paper is that under direct democracy procedures and the related institutional setup, a monetary system without a Central Bank may function relatively well. We focus on the following issues: (i) The...