Search Results - subject:"Geldtheorie"

Profit realisation and the necessity of credit expansion : a stock-flow consistent analysis of the monetary gap

Javidanrad, Farzad - 2026

Persistent link: https://www.econbiz.de/10016062633

Dollar colonisation : the destructive policy implications of modern monetary theory

Lysandrou, Photis - 2026

Modern monetary theory (MMT) argues that all governments that issue their own currency have the same fiscal and monetary policy space. This paper argues against this position. For MMT's assumptions to be valid, MMT must abstract from the gravitational force of the US dollar that stems from it...

Persistent link: https://www.econbiz.de/10015655151

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Dollar colonisation : the destructive policy implications of modern monetary theory

Lysandrou, Photis - 2025

Book / Working Paper

Innovations and the layering of money and payments

Bindseil, Ulrich - 2026

This paper analyses the role of layering in the architecture of money and payment systems and how recent technological innovations affect it. Layering in payments, whereby payment ledgers are hierarchical to each other, and senior ledgers allow for interoperability between junior ledgers, has...

Persistent link: https://www.econbiz.de/10015618783

Money demand by non-financial corporations

Nocciola, Luca - 2026

We document empirically the money demand by European non-financial corporations by exploiting a unique and brand-new survey on their cash usage in a stress period. We also assess: (i) the relation between cash held and firm size; and (ii) estimate point values of cash holdings and carry out...

Persistent link: https://www.econbiz.de/10015605058

Money in shadow banking and the crypto economy : a Chartalist perspective

Kim, Hongkil; Tymoigne, Éric - 2026

As instructors of Money and Banking, we regularly confront enduring questions: What is money? Is gold money? More recently, students ask whether shadow money, Bitcoin, or stablecoins qualify as money. These inquiries reflect a deeper puzzle: why do rational agents exchange valuable goods and...

Persistent link: https://www.econbiz.de/10015625475

Index of the cycle of money : the case of Cyprus

Challoumis, Constantinos; Eriotis, Nikolaos; Vasiliou, … - 2026

This research aims to evaluate the effectiveness of monetary circulation in Cyprus by applying the Index of the Cycle of Money, derived from the Theory of the Cycle of Money. The analysis focuses exclusively on the Cypriot economy over the period of 2012-2017, a timeframe marked by severe...

Persistent link: https://www.econbiz.de/10015643079

Inadequacy of revenues and endogenous economic cycles in a monetary economy of production

Cottin-Euziol, Edouard; Piluso, Nicolas - 2026

The recurring cycles of economic activity in a capitalist economy have prompted a variety of explanations. Some of these focus on the excessive indebtedness of economic agents during a growth phase, which may result from overly optimistic behavior or excessive risk-taking. From a post-Keynesian...

Persistent link: https://www.econbiz.de/10015650708

The Fed's fine-tune : coarse statements and predictive pressers

Byun, Ryan; Fees, Bennett; Jacobson, Margaret M.; … - 2026

Persistent link: https://www.econbiz.de/10015653204

Cryptocurrencies : the network vs. the chain

Fahim, Samuel - 2026

This paper studies whether fast-settlement payment layers can replace secure baselayer blockchains in a search-theoretic monetary model. The Chain provides secure but costly and probabilistic settlement, while the Network provides instant, cost-free payments but exposes users to cyberattacks and...

Persistent link: https://www.econbiz.de/10015669634

On the Consistency of Money Illusion in New Keynesian Models

Nutahara, Kengo - 2026

Persistent link: https://www.econbiz.de/10015676060