Bringing back the Somali shilling
Somalia has long played host to one of the world's strangest monetary phenomenon, a paper currency without a central bank. I explored th...
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Tampilkan postingan dengan label hysteresis. Tampilkan semua postingan
Tampilkan postingan dengan label hysteresis. Tampilkan semua postingan
There won't be a drachma-induced recovery
₯ I catch both Lars Christensen and Brad DeLong making the claim that an introduction of the drachma will work wonders for Greece. Lars, f...
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Grexit: An Escape to More of the Same
Januari 24, 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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