fortified adherence to international monetary standards and discouraged entropy due to debasement and the pursuit of short …

relevance of two important episodes in monetary history: Prussia's effort in the 18th century to implement a uniform coinage …, Prussia's failed reform efforts show that political will must be accompanied by political clout for a monetary standard to … justification for stablecoins. The risk of a fragmented monetary system no longer amenable to central bank control is also discussed …

value rests on an issuer's promise to redeem it at par. These characteristics establish criteria for evaluating monetary … issuer remain the cornerstone of any effective monetary instrument-and of any durable monetary system. …

future. We provide a framework for programmable monetary systems that sharply distinguishes between programmable money and … programmability in the design of monetary systems. …

within the framework of a monetary economy of production. …

remains poorly understood. Revisiting the collapse of Bretton Woods, we propose a dynamic theory of global monetary governance …