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types. The fragility was not a big problem, since the bracteates would not circulate for a long period. When monetization …Although the leaf-thin bracteates are the most fragile coins in monetary history, they were the main coin type for … almost two centuries in large parts of medieval Europe. The usefulness of the bracteates can be linked to the contemporary …
Persistent link: https://www.econbiz.de/10009793768
was less restrictive and had lower administrative costs for the coin issuer than re-coinage. Besides low monetization, the … debasements than routine calendar driven re-coinage, due to the high uncertainty. -- Re-coinage ; short-lived coinage system … ; debasement ; monetary tax ; monetization ; inflation ; monetary system …
Persistent link: https://www.econbiz.de/10009702273
Persistent link: https://www.econbiz.de/10012008358
monitored and enforced. The principal example of frequently renewed coins is uni-faced bracteates, which were often subject to … annual or even biannual re-coinages. Although bracteates were not the cause of periodic re-coinage, their features … this monetary system with the end of bracteates' role as the principal coin in the 14th century …
Persistent link: https://www.econbiz.de/10012830522
was less restrictive and had lower administrative costs for the coin issuer than re-coinage. Besides low monetization, the … debasements than routine calendar driven re-coinage, due to the high uncertainty …
Persistent link: https://www.econbiz.de/10012856608
monetization of government debt and its major implication, namely, that it leads to printing money and, consequently, to inflation …, monetization does not occur as it is often described, and it is not nearly as dangerous as its critics argue (and not as useful as …
Persistent link: https://www.econbiz.de/10012403974
This paper assesses Revolutionary and Napoleonic wartime economic policy. Suspension of gold convertibility in 1797 allowed the Bank of England to nurture British monetary orthodoxy. The Order of the Privy Council suspended gold payments on Bank of England notes and afforded simultaneous...
Persistent link: https://www.econbiz.de/10013075548
The paper looks at the National Bank of Romania’s issue of banknotes from 1880 through 1914, highlighting the developments in the notes’ cover, the channels whereby the central bank put its notes into circulation, as well as the behaviour of the issuing house during episodes of crisis. The...
Persistent link: https://www.econbiz.de/10014080423
This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be linked to the monetary policy regime. Before and after the...
Persistent link: https://www.econbiz.de/10010274983
The paper scrutinizes the spillover effects of expansionary monetary policies of a center economy to the macroeconomic policies of periphery countries, dependent on the exchange rate regime. In particular the impact of the US quantitative easing on the Chinese economy is analysed. The results...
Persistent link: https://www.econbiz.de/10010334519