Three-tier pricing joni Mei 08, 2017 Add Comment cash, Gresham's Law, Zimbabwe Edit Americans and Canadians take for granted that fact that while a multiplicity of dollar brands circulates in our respective nations, a dollar... Read More
A modern example of Gresham's Law joni November 18, 2016 Add Comment Gresham's Law, inflation, sticky prices, stock market and equities, Zimbabwe Edit Sir Thomas Gresham Anyone who makes an effort to study monetary economics quickly encounters the concept of Gresham's law, or the idea t... Read More
Hyperinflation 2.0? joni Juli 08, 2016 Add Comment Argentina, clearing and settlement, corralito, Gresham's Law, inflation, unit of account, Zimbabwe Edit If you haven't heard, protests are breaking out in Zimbabwe and unpaid civil servants are going on strike . This sort of thing hasn... Read More
Zimbabwe Shouldn't Be Printing Banknotes Again joni Juni 07, 2016 Add Comment cash, inflation, unit of account, Zimbabwe Edit A Zimbabwean washes U.S. dollars, from NPR Planet Money Here's a surprising development. Zimbabwe, a dollarized nation, is on the verge... Read More
Zimbabwe's new bond coins and the demonetization of the rand joni November 21, 2015 Add Comment coins, demonetization, Larry White, medium of exchange, unit of account, Zimbabwe Edit Issued a little less than a year ago, Zimbabwe's bond coin is one of the world's newest monetary units. The bond coin is designed to... Read More
Why big fat Greek bank premiums? joni September 05, 2015 Add Comment Argentina, depository receipts, liquidity premium, stock market and equities, Zimbabwe Edit National Bank of Greece depository receipt certificate ( source ) If you're like me and you like to: 1) explore anomalies in markets; an... Read More
The final chapter in the Zimbabwe dollar saga? joni Maret 12, 2015 Add Comment backing theory of money, cash, deflation, demonetization, Federal Reserve, George Selgin, Zimbabwe Edit Here's an interesting fact. Remember all those worthless Zimbabwe paper banknotes? The Reserve Bank of Zimbabwe (RBZ), Zimbabwe's ce... Read More
Stock as a medium of exchange joni Oktober 04, 2014 Add Comment Argentina, inflation, medium of exchange, stock market and equities, Zimbabwe Edit American Depository Receipt (ADR) for Sony Corp You've heard the story before. It goes something like this. There's one unique good ... Read More