Free trade in money

Ebook "Denationalisation of money" is the very core of the Hayekian approach to monetary policy, and the book that drew the world's attention to this radical thinker following his Nobel Prize in economics. The argument is substantively similar to Mises's, but rather than arguing for a gold standard, Hayek argues for utter abandonment of governmental attempts to reform money.

148p loivantrinh 29-10-2023 6 5   Download

Thailand was one of the first countries to establish an investment cooperation agreement with Vietnam, shortly after Vietnam announced an open-door policy to attract foreign investment. Thai investors have invested in 567 projects to date, with total newly and extra investment money totaling more than 12 billion USD, placing them ninth out of 136 nations and territories investing in Vietnam.

11p visteveballmer 06-11-2021 11 0   Download

In this paper we deal with the recent (1995-2018) Federal Reserve operated monetary policies, which were two unprecedented and distinct monetary policy regimes. The inflation stabilization era (1995-2008) and the zero interest rate era (2008-2015). These different monetary policy regimes provided different outcomes for inflation, interest rates, financial markets, personal consumption, and real economic growth.

44p chauchaungayxua2 19-01-2020 25 1   Download

This paper considers four models in which immortal agents face idiosyncratic shocks and trade only a single risk-free asset over time. The four models specify this single asset to be private bonds, public bonds, public money, or private money respectively. I prove that, given an equilibrium in one of these economies, it is possible to pick the exogenous elements in the other three economies so that there is an outcome-equivalent equilibrium in each of them.

25p taisaocothedung 12-01-2013 39 2   Download