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Central banks are considering the issuance of a central bank digital currency to serve as a payment tool to support economic activities. A central bank digital currency can also serve secondary purposes that are related or unrelated to the statutory objectives of a central bank which is monetary...
Persistent link: https://www.econbiz.de/10015213387
This study investigates the effect of CBDC issuance on economic growth rate and inflation rate in Nigeria. We are … interested in determining whether the rate of economic growth and inflation changed significantly after the issuance of a non …-interest bearing CBDC in Nigeria. Two-stage least square regression and granger causality test were used to analyse the data. Inflation …
Persistent link: https://www.econbiz.de/10015213768
determine the current inflation rate or price level. We conclude that the previous literature has either committed mathematical … involving infinity, we analyze inflation targeting (IT) in a typical rational-expectations, pure-exchange, general …
Persistent link: https://www.econbiz.de/10015214975
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10015215390
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …
Persistent link: https://www.econbiz.de/10015216813
large, but finite horizon and concludes that inflation targeting leads to price indeterminacy even with a Taylor …
Persistent link: https://www.econbiz.de/10015216962
This paper probes the role of banks and credit in our socio-economic system using the metaphor of banks as social accountants (Stiglitz and Weiss 1988). It highlights the credit nature of money, and thus the fact that money is an accounting construct. This motivates the viewing of financial...
Persistent link: https://www.econbiz.de/10015217176
We model a typical Asian-crisis-economy using dynamic general equilibrium tech-niques. Exchange rates obtain from nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex-change rate regimes. Strategic complementarities...
Persistent link: https://www.econbiz.de/10015217851
sustainable and equitable economic growth. Moreover, these countries suffer from higher inflation and unemployment with little or …
Persistent link: https://www.econbiz.de/10015218378
the correlational study. The results tend to show that GDP growth rate adjusted for interest income and inflation can be … the presence of dual banking system. Moreover, inflation and employment rate in the Organisation of Islamic Cooperation …
Persistent link: https://www.econbiz.de/10015218379