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F.A. Hayek and his rational choice of monetary arrangements

Sahoo, Ganeswar - 2012

This paper addresses the perspective of Hayek’s doctrine on monetary arrangements in the economy and his favorable argument for an international central bank over national central bank. I also discussed Hayek’s view on free banking (i.e. for the free issue of bank notes) that would enable...

Persistent link: https://www.econbiz.de/10015232866

Should Central Banks Take On Credit-Risk?

Gomez-Ruano, Gerardo - 2014

characteristics missing in the literature: it is a monetary dynamic stochastic general equilibrium model with an inflation …

Persistent link: https://www.econbiz.de/10015263935

A scientific note on the Italian Mini BOTs and the proposal of the CCCFs

Saccal, Alessandro - 2023

This note shows that the Italian Mini BOTs proposed in 2019 bore the potential neither to become Italian legal tender nor to practically increase Italian government debt, but to practically cause a mere reduction in taxation and thence in government spending or transfers. Since the Eurozone...

Persistent link: https://www.econbiz.de/10015269217

Bitcoin Mission Statement. Or What does it mean Sharing Economy and Distributed Trust?

Kosten, Dmitri - 2015

Technological advancements in the means of production are the driving force behind the changes in the prevailing system of socio-economic relations. Feudalism was transformed into capitalism as a result of such advancements. While man obtained physical freedom, the financial freedom remained...

Persistent link: https://www.econbiz.de/10015253073

US Domestic Money, Output, Inflation and Unemployment

Ackon, Kwabena Meneabe - 2015

The relationship between money and macroeconomic variables such as output, inflation and unemployment is the basis of … holdings of US dollars holds predictive content for the path key macroeconomic variables such as output and inflation. This … for the path of output after the great recession and the path of inflation between 1965-2007. …

Persistent link: https://www.econbiz.de/10015212297

The Islamic macroeconomic model: How to Apply it

ALJARHI, Mabid - 2018

Islamic macro models are two categories. The first was inspired by Mannan (1970), Siddiqui (1981, 2006) and Chapra (1985, 1996). It is elaborated by Khan and Mirakhor (1994), Iqbal and Mirakhor (2011), in addition to Mirakhor and Zaidi (2007). It uses a pure equity-based system, keeping the...

Persistent link: https://www.econbiz.de/10015220622

Analyse de la crise financière actuelle Où vont-ils chercher ces milliards qu’ils n’ont pas? Comment l’État assureur en dernier ressort permet d’accéder à la Banque centrale européenne, prêteur en dernier ressort

Vallageas, Bernard - 2009

The first stage of the plan for rescuing French banks in October 2008 rules that a special company owned by the State and the banks will borrow on the “markets” with the State warranty. The money collected will be lent to the banks so that they can finance economy. This is curious because...

Persistent link: https://www.econbiz.de/10015244518

Can central bank digital currency increase financial inclusion? Arguments for and against

Ozili, Peterson K - 2022

This paper presents the arguments for and against central bank digital currency increasing financial inclusion. Financial inclusion is arguably one of the many reasons for issuing a central bank digital currency. The arguments in support of CBDC increasing financial inclusion are that CBDC can...

Persistent link: https://www.econbiz.de/10015260230

The long-run relationship between money and prices in Mexico: 1969-2010.

Gomez-Ruano, Gerardo - 2014

This paper performs a spectral analysis (univariate and bivariate) of monthly series of growth in money (a narrow and a broad aggregate) and in prices for Mexico. This analysis allows the identification of the most important frequencies for each series, as well as of some measures of association...

Persistent link: https://www.econbiz.de/10015263944

Central bank digital currency research around the World: a review of literature

Ozili, Peterson K - 2022

This paper reviews the recent advances in central bank digital currency research in a way that would help researchers, policy makers and practitioners to take a closer look at central bank digital currency (CBDC). The review shows a general consensus that a central bank digital currency is a...

Persistent link: https://www.econbiz.de/10015264576