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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

STRUKTURELLE VERÄNDERUNGEN IN DER WIRTSCHAFT DER REPUBLIKEN KRAOATIEN UND BUNDESREPUBLIK DEUTSCHLAND

Novak, Branko; Matić, Branko - 2002

The paper discusses the structural changes taking place in the financial system of the Republic of Croatia after the country became independent. Particular attention is given to the banking system, bankruptcies and rehabilitation of banks. Furthermore, the paper analyzes the development of...

Persistent link: https://www.econbiz.de/10015246003

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

Inflation and Seigniorage-Financed Fiscal Deficits: The Case of Mexico

Moloche, Guillermo - 2024

In this study, the author demonstrates that the selection of an appropriate money-demand function is crucial to ascertain the relationship between fiscal deficits and inflation. To do so, the author incorporates a Selden-Latané money-demand function into a micro-founded extension of the model...

Persistent link: https://www.econbiz.de/10015213459

The Optimal Quantity of Money Consistent with Positive Nominal Interest Rates

Harashima, Taiji - 2007

The Friedman rule is strongly immune to most model modifications although it has not actually been observed. The Friedman rule implicitly assumes that a government is perfectly under the control of the representative household. This paper shows that, if a government is not perfectly under the...

Persistent link: https://www.econbiz.de/10015218920

Hyperinflation in Venezuela. An Analysis Based on Cagan's Conceptual Framework

Olivo, Victor - 2023

The purpose of this work is to provide a detailed descriptive analysis of the hyperinflationary process that affected Venezuela between December 2017 and January 2020. The analysis is based on the approach of Cagan (1956) in the sense that it uses the criteria defined by Cagan to identify...

Persistent link: https://www.econbiz.de/10015270997

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

Sahoo, Ganeswar - 2012

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 the banks to provide more and cheaper credit. Furthermore, Hayek comes up … right to issue bank notes (demand for free banking) which can be redeemable in the established national gold or silver …

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

Il circuito della moneta e il finanziamento dell'economia. Un'analisi teorica.

Cavalieri, Duccio - 1999

This is a theoretical analysis of the role of money and other less liquid financial assets in the financing of the private sector of a market economy. It is concerned, basically, with the functional relations between households, firms, banks and other financial institutions, and with those...

Persistent link: https://www.econbiz.de/10015235412

Trust Shocks, Financial Crises, and Money

Jia, Pengfei - 2021

A precondition for a well-functioning monetary system is trust. This paper develops a neoclassical general equilibrium model in which public and private money coexist and the impact of trust shocks on the macroeconomy is examined. In this paper, trust is modelled as limited commitment between...

Persistent link: https://www.econbiz.de/10015235991

User Cost of Credit Card Services under Risk with Intertemporal Nonseparability

Barnett, William; Liu, Jinan - 2017

assumption of intertemporal non-separability. Barnett and Su (2016) derived theory permitting inclusion of credit card … transaction services into Divisia monetary aggregates. The risk adjustment in their theory is based on CCAPM under intertemporal …-separability is to assume habit formation. We explore that possibility. To implement our theory, we introduce a pricing kernel, in …

Persistent link: https://www.econbiz.de/10015257510