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Modern paper currency contributes little to productive investment. This shortcoming is not inherent to paper money. It …
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Am 16. Februar 2000 vollendete Professor Vincenz Timmermann sein 65. Lebensjahr. Er hat sich - weit über die Stätten seiner wissenschaftlichen Tätigkeit hinaus - einen Ruf als vielseitiger und engagierter Wirtschaftswissenschaftler erworben. Mit dieser Festschrift möchten Kollegen und...
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"Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It...
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"We examine econometrically the real effects of paper money's introduction into colonial New England over the 1703-1749 period. Departing from earlier analyses that focus primarily on the depreciation of paper money in the region, we show that expansion of the money stock promoted growth in...
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Turner's book presents a new approach to monetary theory and policy. What's novel in Turner's book is not the …
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