2018-10-19 – The Future of Money

CBDC in line with the Vollgeld approach?

Abstract: The prospect of central banks issuing digital currency (CBDC) immediately rais- es the question of how this new form of money should co-exist and interact with existing forms of…

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2018-10-19

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Seigniorage in the 21st century: profits from money creation

Abstract: This paper develops a new theory of seigniorage suited to modern economies where the majority of money is created not by the state or central bank but by commercial…

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2018-10-19