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Banks As Social Accountants: Credit and Crisis Through an Accounting Lens

Bezemer, Dirk J - 2009

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

Multiple Reserve Requirements, Exchange Rates, Sudden Stops and Equilibrium Dynamics in a Small Open Economy

Hernandez-Verme, Paula; Wang, Wen-Yao - 2009

nontrivial fiat-currencies demands. Sudden stops/bank-panics are possible, and key for evaluating the merits of alternative ex …

Persistent link: https://www.econbiz.de/10015217851

Get rid of banks and build up a modern financial world

Lenz, Rainer - 2011

The financial crisis has revealed fatal institutional and structural deficits at the finance market. Politics has reacted to the financial crisis with a sea of legal bills and regulations. But all regulating efforts are merely system-imminent reparation measures and do not solve the core...

Persistent link: https://www.econbiz.de/10015228579

Financial deepening and stock market development in Nigeria: evidence from recent data (1981-2019)

Tiamiyu, Kehinde A. - 2022

Abstract: This study has so far investigated the link between financial deepening and the development of the stock market over the period of 1981 and 2019 using Bound test conintegration ARDL approach on the ground that Nigeria's financial sector is still shallow and lacks the necessary...

Persistent link: https://www.econbiz.de/10015267959

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

The Financial system in the Bulgarian economy

Miller, Jeffrey; Petranov, Stefan - 2001

1996 and 1997. The sections on the Bulgarian National Bank and the money supply reflect the changes brought about by the …

Persistent link: https://www.econbiz.de/10015242630

The Reform of Federal Deposit Insurance

Cebula, Richard - 1992

In the first essay, Calomiris argues that the most desirable means by which to achieve banking system stability is to permit unlimited branch banking combined with the type of privately administered formal deposit insurance programs of antebellum Indiana, Ohio, and Iowa. In the second essay,...

Persistent link: https://www.econbiz.de/10015243754

Inflation-targeting monetary policy framework in Nigeria: The Success Factors

Ozili, Peterson K - 2024

Many developing countries are facing high inflation and the central bank in these countries have adopted several … monitoring the inflation target, the credibility of the central bank, the degree of central bank independence, reduction in … budget deficit, limited dollarization of the Nigerian economy, effective central bank communication, avoidance of fiscal …

Persistent link: https://www.econbiz.de/10015213388

Exchange Rate Pass-Through to Domestic Prices: Evidence from VECM

Sindala, Elvin; Musonda, Gabriel; Mumba, Matrina; … - 2024

Inflation, exchange rate and gross domestic product (GDP) are critical variables to macroeconomic stability. For a small economy like Zambia, it is imperative for central authorities to establish the size and degree of the exchange rate pass-through (ERPT) to domestic prices and output as they...

Persistent link: https://www.econbiz.de/10015213773

The role of compensation in money market and new money market instruments Open

Duduiala-Popescu, Lorena - 2009

Creation and proper functioning of the money market in Romania is subject to a preponderant constancy of private property, to support competition as a factor increasing the efficiency of the economy. Appearance money market in Romania is related to the transformations that have manifested in our...

Persistent link: https://www.econbiz.de/10015215548