In einem Umfeld kriseninduzierter Verunsicherung über das Funktionieren des Geld-und Finanzsystems finden Forderungen nach einer grundsätzlichen Reform des Geldwesens verstärkte media-le Beachtung. Das elektronische Währungsprojekt Bitcoin und das Konzept Vollgeld sind zwei Varianten von...

We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...

The paper attempts to examine the macroeconomic implications of the coexistence of crypto currency with legal tender money in the context of a democratic country such as India. The paper shows that macroeconomic implications of crypto currency can be captured by a simple extension of the IS-LM...

We empirically analyze the interaction of monetary policy with financial stability and the real economy in the euro area. For this, we apply a quantile vector autoregressive model and two alternative estimation approaches: simulation and local projections. Our specifications include monetary...