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Maximizing seignorage revenue during temporary suspensions of convertibility : a note
Bordo, Michael D.; Redish, Angela - 1992
Persistent link: https://www.econbiz.de/10000136634
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Maximizing seignorage revenue during temporary suspensions of convertibility : a note
Bordo, Michael D. - In: Oxford economic papers 45 (1993) 1, pp. 157-168
Persistent link: https://www.econbiz.de/10001142904
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Maximizing Seignorage Revenue During Temporary Suspensions of Convertibility : A Note
Bordo, Michael - 1992
This note extends the theory of the revenue maximizing rate of monetary growth to the case of a temporary suspension of … convertibility. It also suggests a methodology for the interpretation of monetary behavior during historical periods of … revenue by generating an inflation, but the terminal condition of a return to convertibility implies that the price level must …
Persistent link: https://www.econbiz.de/10012474956
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Broadening Narrow Money : Monetary Policy with a Central Bank Digital Currency
Meaning, Jack - 2018
This paper discusses central bank digital currency (CBDC) and its potential impact on the monetary transmission mechanism. We first offer a general definition of CBDC which should make the concept accessible to a wide range of economists and policy practitioners. We then investigate how CBDC...
Persistent link: https://www.econbiz.de/10012918967
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Broadening narrow money : monetary policy with a central bank digital currency
Meaning, Jack; Dyson, Ben; Barker, James; Clayton, Emily - In: International journal of central banking : IJCB 17 (2021) 2, pp. 1-42
Persistent link: https://www.econbiz.de/10013197695
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Endogenous money and public foreign debt during the Argentinean Convertibility
De Lucchi, Juan Matías - In: Review of Keynesian economics 1 (2013) 3, pp. 322-346
Persistent link: https://www.econbiz.de/10009792033
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The simple analytics of Helicopter money : why it works - always
Buiter, Willem H. - 2014
The authors provides a rigorous analysis of Milton Friedman's parable of the 'helicopter' drop of money - a permanent/irreversible increase in the nominal stock of fiat base money which respects the intertemporal budget constraint of the consolidated Central Bank and Treasury - the State....
Persistent link: https://www.econbiz.de/10010361687
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Are stationary hyperinflation paths learnable?
Adam, Klaus; Evans, George W.; Honkapoja, Seppo - 2003
Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under …
Persistent link: https://www.econbiz.de/10011507885
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Accounting in central banks
Bholat, David; Darbyshire, Robin - 2016
Persistent link: https://www.econbiz.de/10011480705
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The Chicago tradition and commercial bank seigniorage
Varelas, Erotokritos G.; Soldatos, Gerasimos Th. - In: Research in world economy 5 (2014) 1, pp. 29-38
Persistent link: https://www.econbiz.de/10010461981