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Arabs wage war on MONEY LAUNDERING
2011/10/5
The article reports on the efforts of Arab government to adopt strict new standards to prevent the misuse of banks in the Middle East by terror organizations and financial manipulators. According to t...
How Amsterdam Got Fiat Money
fiat money system the Bank of Amsterdam the Amsterdam Municipal Archives lending and open market operations
2011/9/29
We investigate a fiat money system introduced by the Bank of Amsterdam in 1683. Using data from the Amsterdam Municipal Archives, we partially reconstruct changes in the bank's balance sheet from 1666...
On Hayek's denationalization of money, free banking and inflation targeting
free-banking Hayek inflation targeting Non-redeemable money performance contracting
2011/9/27
Recent central bank experience with inflation targeting is used to restate Hayek's reform proposal as a performance contract. This requires banks to first state an explicit inflation target and then p...
Internet Banking: The Digital Voyage of Banking and Money in Cyberspace
Extensive globalizing processes technological innovation cyberbanking implications of Internet banking contractual relationship
2011/9/27
Extensive globalizing processes and technological innovation have transformed cyberbanking from a sci-fi dream to a demanding reality unfolding in the infinite geography of cyberspace. After approachi...
Historical Development of Money and Banking in Eritrea from the Axumite Kingdom to the Present
BANKING BANKING INSTITUTIONS ETC Banking institutions etc Eritrea historical development
2011/9/26
The development of money is an abstract of the history of civilization. Financial institutions encourage saving habit among the people by receiving deposits from the public in various forms. The Axumi...
Schumpeter on money, banking and finance: an institutionalist perspective
Banking system economic development economic rationality economic sociology institutional change
2011/9/24
In this paper we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. We justify this interpretation by considering first Schumpeter's overall methodological...