A theoretical synthesis of endogenous money and liquidity preference is not possible so long as the latter is cognized as a theory of the demand and supply of money. A key step toward the reconcilement of the two theories is a revival of the original version of Keynes’s theory, which appeared in the Treatise on Money as the “theory of bearishness.” The most widely known version of liquidity pre...

Türkiye’ de 2000’li yılların başı ekonomik anlamda ciddi sıkıntıların yaşandığı bir dönem olmuştur. 2005 senesi ise katılım bankaları için dönüm noktası olarak görülmektedir. Bu tarihten itibaren Avrupa Birliği uyum yasaları çerçevesinde bankalarının Bankacılık Kanunu kapsamına alınmasıyla mevduat güvencesine geçilmiştir. kararla da Türkiye Cumhuriyet Merkez Bankası tarafından raporlanan para a...

How did the Spanish money supply evolve in aftermath of discovery large amounts precious metals America? We synthesize available data on mining and their international flow to estimate for Spain from 1492 1810. Our suggests that increased more than ten-fold. Viewed through equation exchange this increase can account most price level rise early modern Spain.

T he quantity theory of money, dating back at least to the mid-sixteenthcentury Spanish Scholastic writers of the Salamanca School, is one of the oldest theories in economics. Modern students know it as the proposition stating that an exogenously given one-time change in the stock of money has no lasting effect on real variables but leads ultimately to a proportionate change in the money price ...