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realization in a world with heterogeneous governments unwilling to sacrifice seigniorage for optimal design. The technical …
Persistent link: https://www.econbiz.de/10012946126
Since the launch of Bitcoin in 2009, the spectacular rise and fall of cryptocurrencies and the underlying blockchain technology have attracted global attention. While the application of distributed ledger technology presents great economic and business potential, significant volatility and...
Persistent link: https://www.econbiz.de/10012152539
The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of 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...
Persistent link: https://www.econbiz.de/10012954346
We investigate the claim that national labor markets have become more globally interconnected in recent decades. We do so by deriving estimates over time of three different notions of interconnection: (i) the share of labor demand that is export induced (i.e., all labor demand created by foreign...
Persistent link: https://www.econbiz.de/10011903171
The purpose of this study is to examine the relationship between globalization, Coronavirus Disease 2019 (COVID-19 … countries with higher levels of socio-economic globalization are exposed more to COVID-19 outbreak. Nevertheless, globalization …
Persistent link: https://www.econbiz.de/10012219663
We discuss the pros of adopting government-issued digital currencies as well as a supranational digital iCurrency. One such pro is to get rid of paper money (and coinage), a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy...
Persistent link: https://www.econbiz.de/10012839523
The Bitcoin Market Potential Index conceptualizes and ranks the potential utility of bitcoin across 178 countries to show where the cryptocurrency has the greatest relative potential for adoption. The index utilizes a data set with 40 variables from the following areas: technology penetration,...
Persistent link: https://www.econbiz.de/10012996346
Capitalist globalization is a project of market dogmatism founded on the Darwinist social philosophy of ‘survival of … the fittest'. In the political economy of the world with unequal nations and imperfect competition, it is a suspect of … globalization strategy using the technique of log-linear pooled ordinary least square regression and related macroeconomic time …
Persistent link: https://www.econbiz.de/10012835964
We investigate the claim that national labor markets have become more globally interconnected in recent decades. We do so by deriving estimates over time of three different notions of interconnection: (i) the share of labor demand that is export induced (i.e., all labor demand created by foreign...
Persistent link: https://www.econbiz.de/10012850071
We review the debate on the association of financial globalization with inequality. We show that the within country …-market specific – is important for facilitating wider sharing of the benefits of financial globalization …
Persistent link: https://www.econbiz.de/10013250122