Results 21 to 30 of about 959,172 (357)
برنامهریزی و بودجه, 2022 The trade-off between inflation and the output gap is different under each of the specifications of the Phillips curve, and therefore the optimal monetary policy will be different based on the assumption of each of these specifications.
Maryam Hematy
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Assessing the Impact of Central Bank Digital Currency on Private Banks
Economic Journal, 2018 This paper investigates how a central bank digital currency can be expected to impact a monopolistic banking sector. The paper’s framework of analysis combines the Diamond (1965) model of government debt with the Klein (1971) and Monti (1972) model of ...
D. Andolfatto
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Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis
The American Economic Review, 2020 We examine the consequences of a sudden increase in household debt burdens by exploiting variation in exposure to household foreign currency debt during Hungary’s late-2008 currency crisis.
Emil Verner, Gyozo Gyongyosi
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Banking, Trade, and the Making of a Dominant Currency
Quarterly Journal of Economics, 2018 We explore the interplay between trade-invoicing patterns and the pricing of safe assets in different currencies. Our theory highlights the following points: (i) a currency’s role as a unit of account for invoicing decisions is complementary to its ...
G. Gopinath, J. Stein
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Reflections on the Ontology of Money
Journal of Social Ontology, 2022 The suggestions outlined here include the following. Money is a bundle of institutionally sustained causal powers. Money is an institutional universal instantiated in generic currencies and particular money tokens. John Searle’s account of institutional
Uskali Mäki
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Journal of Social Ontology, 2022 Teleological thinking about money reasons from what money is for to both how it ought to be used and what forms it should take. One type, found in Aristotle’s argument against usury, takes teleological considerations alone to decisively settle normative
David G. Dick
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Should Central Banks Issue Digital Currency?
Working paper (Federal Reserve Bank of Philadelphia), 2019 We study how the introduction of a central bank-issued digital currency affects interest rates, the level of economic activity, and welfare in an environment where both central bank money and private bank deposits are used in exchange. Banks in our model
Todd Keister, Daniel Sanches
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Patterns in Invoicing Currency in Global Trade
IMF Working Papers, 2020 This paper presents the most comprehensive and up-to-date panel data set of invoicing currencies in global trade. It provides data on the shares of exports and imports invoiced in US dollars, euros, and other currencies for more than 100 countries since ...
E. Boz +6 more
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L’alternative monétaire Bitcoin : une perspective institutionnaliste
Revue de la Régulation, 2015 Over the past few years, we have witnessed the rise of a new kind of currencies, based on cryptographic processes and managed by peer-to-peer networks. The first and most popular of them, the Bitcoin, was launched after the financial crisis of 2008 and ...
Odile Lakomski-Laguerre, Ludovic Desmedt
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The American Economic Review, 2016 We propose a “dominant currency paradigm” with three key features: dominant currency pricing, pricing complementarities, and imported inputs in production.
C. Casas +4 more
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