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The Role of Financial Institutions in Digital Currency Business Models of Central Banks
The development of central bank digital currencies brings into question the business model to be used for their application in the financial system. Three business models are imposed and considered in search of the one that will best be adopted into the ...
Ivan Pavlović
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Deep learning in economics: a systematic and critical review
From the perspective of historical review, the methodology of economics develops from qualitative to quantitative, from a small sampling of data to a vast amount of data.
Yuanhang Zheng, Zeshui Xu, Anran Xiao
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Cryptocurrencies: A Crash Course in Digital Monetary Economics
This paper reviews what cryptocurrencies are, and it frames them within the context of historical monetary experiences and contemporary monetary economics.
Jesús Fernández-Villaverde
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The impact of Musharakah financing on the monetary policy in the Islamic economy [PDF]
Purpose – This paper aims to contribute to formulating the methodological framework for a paradigm of Islamic economics, using the development of the conventional economics, theoretical and mathematical methods.
Hatem Adela
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This chapter addresses the enforcement of EU economic policies as part of the Economic and Monetary Union (EMU). The enforcement structure diverges from other areas of EU law in two distinct ways. First, economic policies do not create rights and obligations for citizens and business, thereby excluding private enforcement. Enforcement thus fully relies
van den Brink, Ton, Collazzo, Luca
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The Optimal Degree of Commitment to an Intermediate Monetary Target''Quarterly Journal of Economics
The course to be followed by a motorist having a preselected destination is indicated by a plurality of markers set in the center of the path to be followed by the motorist, each set of markers having a different color to correspond to a different ...
Kenneth Rogoff
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The Monetary Economy and the Economic Crisis [PDF]
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the "invisible hand", was a major contribution to an ongoing tradition in monetary theory ...
David Laidler, David Laidler
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Momentary equilibrium versus the Wicksell connection
The development of monetary economics is closely associated with a possible conflict between the explanation of relative prices by means of demand and supply as conditioned by substitution and scarcity on the one hand, and the average level of money ...
J. SNIPPE
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MODERN MONEY THEORY: RISE IN THE INTERNATIONAL SCENARIO AND RECENT DEBATE IN BRAZIL
This paper has a twofold purpose. The first one is to present the core ideas of MMT. The second one is to explain its recent rise in Brazil after the publication of Andre Lara Resende’s articles in the press in 2019 and a book in 2020.
SIMONE DEOS+3 more
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Finland’s public sector balance sheet
We construct comprehensive public sector balance sheets for Finland for 2000–2016 by complementing general government statistics with data on public corporations and pensions. These static balance sheets show that Finland’s public sector net worth at end
Maren Brede, Christian Henn
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