The zero problem
The price of bitcoin is a capricious thing. Imagine that you've saved enough bitcoin to take your significant other out to a fancy resta...
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Grexit: An Escape to More of the Same
Sabtu, 24 Januari 2015
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Bank of Greece,
dollarization/euroization,
drachma,
ECB,
Hans-Werner Sinn,
hysteresis,
medium of exchange,
store of value,
unit of account
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The upcoming Greek election has renewed interest in the idea of Grexit. This option is often presented to the Greek public as desirable give...
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No, Swiss National Bank shareholders are not pulling the strings
Selasa, 20 Januari 2015
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Bangko Sentral ng Pilipinas,
Federal Reserve,
Gavyn Davies,
Peter Stella,
SNB
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Swiss National Bank share certificates Gavyn Davies blames the Swiss National Bank's corporate structure for the floating of the Swiss ...
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The ZLB and the impending race into Swiss CHF1000 bank notes
Jumat, 16 Januari 2015
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cash,
Danmarks Nationalbank,
demonetization,
Gresham's Law,
large value note embargo,
legal tender,
Miles Kimball,
SNB,
zero lower bound
Edit
Two things worth noting: As many of you know by now, the Swiss National Bank (SNB), Switzerland's central bank, just reduced the rate t...
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Money as a motivator
Over the years people used a lot of different things as a currency - gold, cowry shells, beads, livestock, or even some large rocks. Some pe...
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Cracks in the zero-lower bound
Minggu, 04 Januari 2015
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anonymity,
cash,
John Cochrane,
medium of account,
Miles Kimball,
Scott Sumner,
zero lower bound
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Shibboleth , by Doris Scalcedo John Cochrane writes an interesting post that makes the case that removing or penalizing cash would not remo...
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Cashing up the system
Kamis, 01 Januari 2015
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David Beckworth,
Federal Reserve,
inflation,
quantitative easing,
Reserve Bank of New Zealand
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David Beckworth had a very interesting pair of posts outlining how QE would only have had a meaningful effect on the economy if the associ...
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