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Cryptoliquidity: the blockchain and monetary stability
Journal of Entrepreneurship and Public Policy, 2018PurposeThe development of blockchain and cryptocurrency may alleviate the economic strain associated with recession. Economic recessions tend to be aggregate-demand driven, meaning that they are caused by fluctuations in the supply of or demand for money. Holding monetary policy as solution assumes that stability must arise from outside of the economic
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Monetary Stabilization in Latin America
The Journal of Finance, 1961IN LATIN AMERICA THE discipline imposed by the balance of payments is of peculiar significance because of several factors. In the first place, foreign trade is large in relation to GNP; there is a high propensity to import, and a relatively high proportion of budgetary revenues is drawn from export and import taxes.
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Monetary targeting in Germany: The stability of monetary policy and of the monetary system
Journal of Monetary Economics, 1997Abstract For more than two decades the Deutsche Bundesbank has followed a strategy of pre-announcing targets for the growth in broad money. Such consistency has not conflicted with limited flexibility in policy implementation. The stable policy environment may have contributed to the stability of the monetary system in general and money demand in ...
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Switzerland and Euroland: European Monetary Union, monetary stability and financial stability [PDF]
This contribution to the Festschrift for the Centenary of the Swiss National Bank discusses the prospects for monetary stability and financial stability after the creation of the European Monetary Union. Topics covered include the robustness of institutional arrangements and their implications for monetary stability, the implications for a small ...
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Monetary Policy and Real Stabilization [PDF]
Monetary policy can achieve average inflation equal to a given inflation target and, at best, a good compromise between inflation variability and output-gap variability. Monetary policy cannot completely stabilize either inflation or the output gap. Increased credibility in the form of inflation expectations anchored on the inflation target will reduce
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Financial stability and monetary policy
2011Financial stability and monetary policy.
Erdem Basci, Hakan Kara
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Monetary and Financial Stability
2013This chapter examines the relation between monetary and financial stability, looking at possible chains of cause and effect running in both directions between them—from the possibility that an unexpected tightening of monetary policy increases the mean probability of financial system distress, to the general risk of monetary stability being undermined ...
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Monetary and macroprudential policies, output, prices, and financial stability
International Review of Economics and Finance, 2022Chengping Zhang +2 more
exaly
Indexation and Monetary Stability
1976The recent wave of two-digit inflation has brought with it a revival of interest in the idea, at least as old as Joseph Lowe [6], and embraced by such great names in the economics profession as Jevons [4], Marshall [7], [8], [9] and Keynes [3], as well as by Milton Friedman [2], that the widespread adoption of cost-of-living escalator clauses could ...
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