The document discusses post-Keynesian views on money, credit, and finance. It outlines the historical development of monetary theories from the Currency School vs. Banking School debates in the 19th century to modern controversies between horizontalists and structuralists within post-Keynesianism. It also covers new central bank operating procedures that implement monetary policy through interest rate targeting rather than reserve requirements or money supply targets.
model of a protected currency area for developing countriesSehrGlobal
It is the description of a complementary currency with the attribute of a never changing value, settled by a never changing quantity of this complementary currency. It leads to the possibility of monetary scaling based on this absolute value and allows the introduction of mathematically determined exchange rates. Also Trading imbalances can be considered in the mathematically determination of exchange rates.
It is the model of a global reference complementary currency, abbreviating named ANNA, with the task to be a currency and exchange rate system for central banks.
It should be seen as a system of voluntary participation and leads to a currency area, if more than one country will participate to the system. The architecture of the monetary system implies minimum a second complementary currency as an intermediary foreign exchange currency. This monetary design will lead to a protection of the currency area, because:
1) It is a global system and independent from national interests. The monetary policy in ANNA will be less complex due to the absence of additional money supply and interest rates.
2) The intermediary foreign exchange currency leads to balancing effects between the systems of ANNA and FOREX
3) Monetary policy of single national inside currencies remains completely in self determination of the countries.
4) The exchange rates of inside currencies are always conclusive to each other, due to the mathematically determination. It prevents from speculative trading of currencies.
5) The never changing value of ANNA is a long term consideration of debts. It allows also the introduction of independent interest free national currencies. Both aspects together can be seen as a tool to interrupt the helix of debts.
The system succeeds if mutual benefits can be obtained for the FOREX and the participating countries. Heavily indebted poor countries could fulfill these requirements.
model of a protected currency area for developing countriesSehrGlobal
It is the description of a complementary currency with the attribute of a never changing value, settled by a never changing quantity of this complementary currency. It leads to the possibility of monetary scaling based on this absolute value and allows the introduction of mathematically determined exchange rates. Also Trading imbalances can be considered in the mathematically determination of exchange rates.
It is the model of a global reference complementary currency, abbreviating named ANNA, with the task to be a currency and exchange rate system for central banks.
It should be seen as a system of voluntary participation and leads to a currency area, if more than one country will participate to the system. The architecture of the monetary system implies minimum a second complementary currency as an intermediary foreign exchange currency. This monetary design will lead to a protection of the currency area, because:
1) It is a global system and independent from national interests. The monetary policy in ANNA will be less complex due to the absence of additional money supply and interest rates.
2) The intermediary foreign exchange currency leads to balancing effects between the systems of ANNA and FOREX
3) Monetary policy of single national inside currencies remains completely in self determination of the countries.
4) The exchange rates of inside currencies are always conclusive to each other, due to the mathematically determination. It prevents from speculative trading of currencies.
5) The never changing value of ANNA is a long term consideration of debts. It allows also the introduction of independent interest free national currencies. Both aspects together can be seen as a tool to interrupt the helix of debts.
The system succeeds if mutual benefits can be obtained for the FOREX and the participating countries. Heavily indebted poor countries could fulfill these requirements.
Foreign Exchange Market
Dear All,
In this mail we had shown details about Foreign Exchange Market.
What is Foreign Exchange Market etc. It will be helpful you to get an knowledge about foreign Exchange market.
It will be helpful you for school/ college projects for students as well as other persons.
Foreign Exchange Market
Dear All,
In this mail we had shown details about Foreign Exchange Market.
What is Foreign Exchange Market etc. It will be helpful you to get an knowledge about foreign Exchange market.
It will be helpful you for school/ college projects for students as well as other persons.
What led to the demise of ‘conventional Keynesian wisdom’ in the mid.pdfPRATIKSINHA7304
What are the pros and cons of using exFAT and ReFS on a Windows 2012 server? How do they
compare to NTFS?
Solution
ReFS:
Pros: 1.unique in private cloud manipulations
2.also in age of big data
3.storage space assits the mirroring and striping.
cons: 1.it is unable to utilize for booting drives.
2.seen only in case of windows server 2012
3.unable to format the removable drives.
Hence due to all the above prons and cons the REFS are used and prefered in widows server
2012 .
...........................................................................................................................................................
...........
NFTS
pros: 1.File compression
2.Advanced auditing
cons: The NFTS are unable to manipulate on REFS disks though several features operate on
REFS like bitlocker..
Macroeconomics is the branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy. The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles.
Lost in Monetary Space? Economic Geographies of Money and Finance without Mac...David Bieri
In the decade since the financial crisis, geographers and economists alike have enthusiastically re-engaged with different spatial aspects of the monetary-financial system. Yet, while an increasing number of these contributions are focused on the economicgeography of money and finance, I argue that monetary theory plays no more than a perfunctory role in this literature. Indeed, neither geographers nor spatial economists actively engage with the macrofoundations of modern credit theories of money. As such, the treatment of money in economic geography remains trapped between two opposing views, neither of which take “macro seriously”. Economic geographers proper tend to remain singularly faithful to the Marxist view of the urbanization of capital—famously embodied in David Harvey’s three circuits of capital. In opposition to this view is the contemporary canon of geographical economists that has enshrined the classical dichotomy, treating the spheres of money and production as analytically distinct. Effectively a branch of applied microeconomics, mainstream spatial economics thus has little to say about money and its spatial consequences. However, such a disengagement with regional macro-phenomena of money represents a break with the intellectual tradition of a long ancestry of spatial economists. This contention is illustrated by examining the monetary content August Lösch’s (1906–1945) lesser-known writings which contain overlooked spatial elements of credit theories of money, including the notion of a spatial non-neutrality of money, and the observation that money is created endogenously in a monetary-financial order that is inherently hierarchical. Viewed in this light, Lösch’s work of emerges as one of—in modern parlance—empirical macroeconomics (in particular, business cycle analysis in space) rather than its conventional reception as the microeconomics of location choice; above all, his work was fuelled by an ambition to complete “Ohlin’s dream” with regard to the regional integration of trade theory and international macro-finance.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
4. Post-Keynesian monetary sub-schools Post- Keynesian Monetary Economics Structuralists Horizontalists Accommodationists Circuit theory Paris and Naples Emissions theory Dijon Free University of Berlin School Chartalists UKCM school
5. Neoclassical monetary sub-schools Neoclassical monetary schools Monetarists IS/LM New Paradigm Keynesian (Stiglitz Greenwald) Wicksellian New Consensus
6. M i Horizontalists (New Consensus) Monetarists IS/LM Verticalists Structuralists (New Paradigm) M s M s M s A simplified overview of endogenous money
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8. Main features in monetary economics Features PK school Neoclassical Money Has counterpart entries Falls from an helicopter Money is seen As a flow and as a stock A stock Money is tied to Production Exchange The supply of money is Endogenous Exogenous Main concern with Debts, credits Assets, money Causality Reversed: credits make deposits Reserves allow deposits Credit rationing due to Lack of confidence Asymetric information
9. Main features, interest rates Features PK School Neoclassical Interest rates Are distribution variables Arise from market laws Liquidity preference Determines the differential relative to base rate Determines the interest rate Base rates Are set by the central bank Are influenced by market forces The natural rate Takes multiple values or does not exist Is unique, based on thrift and productivity
10. Main features, macro implications Features PK School Neoclassical A restrictive monetary policy Has negative effects in short and long run Has negative effects only in the short run Schumpeter’s distinction Monetary analysis (monetized production economy) Real analysis (money neutrality, inessential veil) Macro causality Investment determines saving Saving determines investment Inflation The growth in money stock aggregates is caused by the growth in output and prices Price inflation is caused by an excess supply of money
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13. Simplified neoclassical view Central bank balance sheet Assets Liabilities Foreign reserves Banknotes Domestic T-bills Reserves of commercial banks
14. Simplified PK view Central bank balance sheet Assets Liabilities Foreign reserves Banknotes Domestic T-bills Reserves of commercial banks Loans to domestic banks Government deposits (Central bank bills)
15. Part II PK monetary theory in historical perspective
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27. Part III The Structuralist vs Horizontalist PK controversies
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34. Loans Interest rate Notional demand Credit- worthy demand i 2 A N i 1 Credit rationing when there is a reduction in bank confidence (Credit-worthy demand: demand with appropriate collateral: Cf. De Soto, and Heinsohn and Steiger) A’
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37. Part IV New developments in monetary policy implementation by central banks
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40. The Bank of Canada channel system Settlement balances Overnight rate 0 + (surplus) - (overdraft) Target rate TR Bank rate = TR+25pts Rate on positive balances = TR-25pts
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42. Poole 1970 Interest rate Output A IS LM MT IT LM A = IT MT IS Investment is unstable: Use monetary targeting MT Less variability in output Demand for money is unstable: Use interest rate targeting No variability in output IT IT
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51. Problems with no tunnel and a not so credible target: central bank needs to be very precise in its daily forecast of reserves demand (Whitesell 2003) Reserves Expected Fed funds rate Lending rate Deposit rate Demand for reserves S S’ Target Fed rate
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53. The case of the ECB: reserve averaging with a tunnel/corridor Reserves Target rate Lending rate Deposit rate Demand for reserves S S’
58. Simplified PK view Central bank balance sheet Assets Liabilities Foreign reserves Banknotes Domestic T-bills Reserves of commercial banks Loans to domestic banks Government deposits (Central bank bills)
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60. Part V The integration of PK monetary economics into PK macroeconomics