In the international context, an international money exists when the conditions of a political exchange exist between a leading country, which bears the costs of producing trust in the fiat money (and the international monetary system based on it), in exchange for exploiting the seigniorage right,...
CONCLUSION:The monetary system is a hybrid system, comprised of both private money(bank deposits) and public money (currency). The story of American monetary history is a story of getting the public/private balance right. It took a while, and indeed is still ongoing. Sometimes the state dimen...
或许在中国,大家早已把一家家商业银行的信用与国家等同,但在西方经济体,对前述情景的担忧将不可避免地被更加放大。 The monetary system 接上文,为何平价会成为货币的一种价格——答曰:货币与货币之间是有层级的。在经济发展阶段,信贷不断扩张,货币金字塔向外膨胀,货币之间的层级无限压缩;在经济萎缩阶段,信贷收缩,...
Hansjoerg HerrHerr, H. (1988) World Money, the Monetary System, and the Instability of Eco- nomic Development in the 1970s and 1980s, Wissenschaftszentrum Berlin fur Sozialforschung (WZB), discussion paper FS I 88- 4.
This chapter analyses policy responses to the instability of the international monetary system during the 1970s and how these policies affected the City of London. First, the collapse of the international monetary system through the 1960... CR Schenk 被引量: 14发表: 2005年 The Stability of Trad...
Britain similarly experienced its greatest growth, and became the first industrial power, when the monetary basis of silver and/or gold precluded any long term inflation. Nevertheless, the simple truth of this has been lost on much economic and most political analysis since the Great Depression....
The Organization of the Federal Reserve System 13 - 3 Federal Reserve Districts How the Federal Reserve Manages the Money Supply Monetary policy The actions the Federal Reserve takes to manage the money supply and interest rates to pursue economic objectives. To manage the money supply, the Fed ...
DuringWorld War II, Great Britain and theUnited Statesoutlined the postwar monetary system. Their plan, approved by more than 40 countries at theBretton Woods Conferencein July 1944, aimed to correct the perceived deficiencies of the interwar gold exchange standard. These included the volatility of...
While contributions in the rapidly extending field of financial literacy have empirically studied people's knowledge about mathematical and financial issues, people's knowledge about the functioning of the money system and monetary institutions remained mostly unexplored. To improve our understanding of ...
Easy money is also known ascheap money, loose monetary policy, and expansionary monetary policy. Key Takeaways Easy money is when the Fed allows cash to build up within the banking system—as this lowers interest rates and makes it easier for banks and lenders to loan money. ...