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This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her … means-of-payment function of money, that it considers money as a pure asset, that it does not distinguish between inside and … outside money, and that it does not distinguish between money and the monetary base. Second, Drumetz/Pfister (2021) falsely …
Persistent link: https://www.econbiz.de/10014441459
This paper provides remarks on modern monetary theory (MMT) from a Kaleckian perspective in response to a paper by Drumetz/Pfister. The distinction between initial financing and final financing is drawn up to argue for clear separation of how expenditure is financed and funded, and pointing to...
Persistent link: https://www.econbiz.de/10014441463
analysis of money, finance and macroeconomics and its application to changing institutional and historical circumstances, such …
Persistent link: https://www.econbiz.de/10014363291
from the Bank of Spain (supervisor) in favor of the claimants and against the actions of the financial institution is not … not rectified by the entity and the levels of mistrust and sense of impunity that the bank client perceives from the Bank …
Persistent link: https://www.econbiz.de/10011536988
A trend common to virtually all European banking markets over the last decade or so has been the fall in bank numbers … is declining. However, a growth in branch numbers in many systems, increasing foreign bank presence, as well as the … any risks for consumers. The paper concludes with some observations on the impact of mergers on bank performance. Economic …
Persistent link: https://www.econbiz.de/10010273285
mutual recognition have cleared the road for cross-border banking, while the introduction of the single currency on the first …
Persistent link: https://www.econbiz.de/10010273294
Throughout the industrialised world the banking sector has embarked on a programme of restructuring and consolidation. In Japan the severity of the banking crisis has recently forced both the banking sector and the authorities to recognise deep-rooted problems and to take decisive action. In...
Persistent link: https://www.econbiz.de/10010273297
industry shows the apparent importance of a national currency. For instance, the markets for pension funds and mutual fund … introduction of a common currency changes fundamentally the sources of competitive advantage of banks. Clearly, this calls for a …
Persistent link: https://www.econbiz.de/10010273299
the massive accumulation of nonperforming loans on banks' balance sheets, bank failures, and the economic recession in the …
Persistent link: https://www.econbiz.de/10010273320
agree to this assessment, it is also true that the degree of monetisation and bank intermediation in the Hungarian economy …
Persistent link: https://www.econbiz.de/10010273321