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Federal Constitutional Court of Germany, proceed on the basis of the presumption that the central bank's issues of cash, as … of the paper discusses radical reform proposals such as the abolition of cash and the abolition of money creation by … commercial banks, as stipulated in various narrow banking proposals. Proposals to abolish cash neglect the role of cash as the …
Persistent link: https://www.econbiz.de/10011985446
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The ongoing financial crisis is shaking central bankers' certainties about their mission, and a rethinking of such mission can greatly benefit from a non-finalistic reassessment of how central banking has evolved over the centuries. This paper does so by taking a functional, instead of an...
Persistent link: https://www.econbiz.de/10012143780
The ongoing financial crisis is shaking central bankers’ certainties about their mission, and a rethinking of such mission can greatly benefit from a non-finalistic reassessment of how central banking has evolved over the centuries. This paper does so by taking a functional, instead of an...
Persistent link: https://www.econbiz.de/10009365598
smooth the profits. The effect on lending is either non-significant or ambiguous. This study of central bank cash …
Persistent link: https://www.econbiz.de/10013208862
This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The role of government as both regulator of private...
Persistent link: https://www.econbiz.de/10008906555
This paper shows that currency arrangements impact on credit available through default incentives. To this end we build a symmetric two-country model with money and imperfect credit market integration. With the Euro Area context in mind, we capture differences in credit market integration by...
Persistent link: https://www.econbiz.de/10011374047
This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The role of government as both regulator of private...
Persistent link: https://www.econbiz.de/10013128521
The ongoing financial crisis is shaking central bankers' certainties about their mission, and a rethinking of such mission can greatly benefit from a non-finalistic reassessment of how central banking has evolved over the centuries. This paper does so by taking a functional, instead of an...
Persistent link: https://www.econbiz.de/10013118147