Meaning of DCDigital currency (DC) is a now widely discussed concept of a new form of central bank money. It is meant to circulate side-by-side with bankmoney (i.e. sight or…
"Of all the many ways of organizing banking, the worst is the one we have today." (Mervyn King, 2010) Today I shall not talk about the short-term challenges facing banks,…
The End of Banking explains why a financial system without banking is both desirable and possible in the digital age. The first part of the book presents the functions and…
The Swiss Vollgeld Referendum Is Step One To Real, Global Financial Reform The June 10th Swiss Vollgeld referendum, if passed, would stop money creation by Swiss banks.This change would also reduce…
Link for the Download of the presentation https://youtu.be/7l3G3-BpHc8 Ohne Vollgeld stirbt der Euro Die Schweizer haben am vergangenen Sonntag wie erwartet einen Wechsel vom bestehenden Kreditgeldsystem zum Vollgeldsystem abgelehnt. Dabei…
A recent Parliamentary Treasury Committee Inquiry considered three issues that are significant for economic policy: What determines the aggregate level of household net saving and the saving ratio in the…
We study the macroeconomic consequences of issuing central bank digital currency (CBDC) — a universally accessible and interest-bearing central bank liability, implemented via distributed ledgers, that competes with bank deposits…
In the loanable funds model that dominates the literature, banks are nonfinancial warehouses that receive physical commodity deposits from savers before lending the commodities to borrowers. In the financing model…
Die Finanzkrise 2008 ist auch zehn Jahre danach nicht behoben, nur aufgeschoben. Die Rettungspolitik im Interesse von Banken, Finanzvermögen und überschuldeten Staaten hat eine Zombifizierung von Teilen des Banken- und…
The Riksbank has provided the general public with money for 350 years, but as the use of cash is continuing to decline in Sweden, we need to think in new…