988 resultados para Paper money


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Mode of access: Internet.

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This ed. contains part 2 only of Gouge's work, omitting the history of colonial and continental currency.

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Microfilm. Ann Arbor, Mich., University Microfilms [n.d.] (American culture series, Reel 265.12)

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Microfilm. Ann Arbor, Mich., Xerox University Microfilms, 1972. 35 mm. (American Culture Series, reel, 534.5)

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We analyze the stability of monetary regimes in a decentralized economy where fiat money is endogenously created, information about its value is imperfect, and agents only learn from their personal trading experiences. We show that in poorly informed economies, monetary stability depends heavily on the government's commitment to the long run value of money, whereas in economies where agents gather information more easily, monetary stability can be an endogenous outcome. We generate a dynamics on the acceptability of fiat money that resembles historical accounts of the rise and eventual colIapse of overissued paper money. Moreover, our results provide an explanation of the fact that, despite its obvious advantages, the widespread use of fiat money is a very recent development.

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Prepared at the request of the executive committee.

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Signed, p. 8: "Antiquarian." / March 13th, 1863.

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A tanulmány a Déltengeri Társasággal foglalkozó tanulmány folytatása (Madarász [2011]). A 18. századi brit államadósság szerepéről és kezeléséről szóló modern gazdaságtörténeti értékelések áttekintése után a tanulmány részletesen bemutatja Davenant, Defoe, Bolingbroke, Hume, Wallace, Pinto, Steuart és Smith érvelését a \"közhitel\" lehetséges és szükségszerű gazdasági és politikai hatásairól, a háborús kiadások fedezésének módjairól. Részletesebben tárgyalja Hume és Smith álláspontját a papírpénz és a bankok szerepéről, a pénzmennyiség változásának következményeiről és a skóciai \"szabad\" bankrendszer jellemzőiről. A vita egyik oldalán a közhitelt szükséges, ám veszélyes eszköznek tekintették, amely válságba sodorhatja az országot, és aláássa a politikai szabadságot, a másik vélemény szerint a kereskedő állam adóssága szükséges és előnyös, ösztönzi a gazdaság fejlődését, és kifejezi a polgárok bizalmát a kormányzat iránt. / === / The study, following on from the author s previous work on the history of South Sea Company, focuses on the issue of public debt in 18th-century British economic writings. The first part reviews recent debates among economic historians: how to explain the growing credibility of British governments after 1689. The next details the arguments of some important protagonists in the early modern age - Davenant, Defoe, Bolingbroke, Hume, Wallace, Pinto, Steuart and Smith - on the expected economic and political consequences of an increasing public debt and on the methods of financing wars. This is followed by discussion of the monetary theories of Hume and Smith, notably their views on banks, credit, paper money, the effects of increasing money supply, and the features of free\" Scottish banking system. Two main lines of argument were advanced in the controversies on public debt. Several writers regarded it as a necessary but dangerous instrument that undermines political liberty and can lead the state into financial bankruptcy. Others described it as not only necessary, but advantageous to a commercial nation, by stimulating trade and development and symbolizing the public s confidence in their government.

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3 banknotes of Israel. 50, 100, and 500 Sheqalim. 50 Sheqalim: Obverse: Portrait of David Ben-Gurion. Reverse: Golden Gate in the Old City of Jerusalem. This bill is predominantly creme, grey and brown coloured. 100 Sheqalim: Obverse: Portrait of Ze'ev Jabotinsky, background- "Shuni" inn near Binyamina. Reverse: Herod's Gate in Jerusalem. The main colouring of the bill is orange-brown. 500 Sheqalim: Obverse: Portrait of Baron Edmond de Rothschild, background-vineyard workers. Reverse: Wine shrub, and in Hebrew alphabetical order, the names of the 44 settlements the Baron founded or helped to found. The colouring is red.