Relative Pricing of Private and Public Debt: The Role of Money Creation Channel

2021 ◽  
Author(s):  
Isha Agarwal ◽  
Jan Bena ◽  
Joyce Xuejing Guan
2010 ◽  
Vol 61 (3) ◽  
Author(s):  
Karlhans Sauernheimer

SummaryThe paper looks back on the historical role of money. It starts by commenting on the different perceptions of money and a monetary economy by economists and noneconomists. Later on special emphasis is given to the most important functions and the different kinds of money in history. Furthermore there is a short review on the money creation process as well as on the effects of money on the real sector in the economy, sometimes stimulating production and employment and sometimes generating inflation. The paper finally links the historical monetary experiences to two recent disturbing monetary developments: the 2008 worldwide crisis of the banking and financial industries on the one hand and the actual and potential solvency crisis of Euro-area countries. It concludes with some remarks on the feasability of a monetary union between countries with different levels of and different attitudes to public debt.


2021 ◽  
Vol 41 (2) ◽  
pp. 254-270
Author(s):  
MARCO FLÁVIO DA CUNHA RESENDE ◽  
FÁBIO HENRIQUE BITTES TERRA ◽  
FERNANDO FERRARI FILHO

ABSTRACT The aim of this article is, on the one hand, to analyze, based on Keynes’s ideas, the relevance of money creation and public debt to mitigate the Covid-19 economic crisis, and, on the other hand, it analyses the role of conventions in this context.


1991 ◽  
Vol 20 (3) ◽  
pp. 49 ◽  
Author(s):  
John C. Easterwood ◽  
Palani-Rajan Kadapakkam

1992 ◽  
Vol 31 (4I) ◽  
pp. 431-447
Author(s):  
Peter A. Cornelisse ◽  
Elma Van De Mortel

The severe shocks that rocked the world economy in the 1970s and the ensuing efforts to adjust and to renew economic growth have had a profound effect on the economic literature. Especially the external and public debt problems which reached critical dimensions in many countries attracted much attention. Thus, in the field of macroeconomics financial issues have gained more prominence over the last two decades. Studies relating to the fiscal deficit have been particularly numerous. The critical size of national public debts, the contribution of the public debt to external debt, the reduced confidence in the state as the guide in socioeconomic development and the role of fiscal policy in adjustment processes are among the main reasons for this increased interest.


Author(s):  
يونس عبد الله ما تشنغ بين الصيني

الملخّص إن بقاء الإسلام، ورغبة المسلمين في الحفاظ على عقيدة الإسلام، وشريعته السمحاء في الصين راجعة إلى جهود علمائنا الأجلاء الذين نَهَلُوا العلم الصافي من مَعِينِ القرآن والسنة. وخدمتهم من خلال ترجمة معاني القرآن الكريم، وتبسيط العقيدة والشريعة باللغة الصينية خير دليل على ذلك. ويحاول الباحث تسليط الضوء من خلال هذا البحث على طبيعة الإسلام في أرض الصين، كاشفا أمر وضع الإسلام وطبيعة حال المسلمين، وتحدياتهم قديما وحديثا، مبينا محاولتهم على حفاظ دين الإسلام، وأداء شعائره. ويؤمن الباحث من خلال توصيف حالة الإسلام والمسلمين، أن صلاح المسلمين، وبقاءهم كأمة مسالمة لا رغبة لها؛ إلا في الإصلاح، والتعمير في الأرض، فهو لا يتحقق إلا بإصلاح النفس، وعودتها إلى طاعة الله سرا وعلانية دون الإنغماس في تحقيق الرغبات المادية، وإشباع المطامع الشهوانية من خلال جمع حطام الدنيا دون الالتفات إلى حلال وحرام، وطاعة ومعصية.    الكلمات المفتاحيّة: جهود العلماء، ثقافة الإسلام، مصادر الإسلام الأصلية، التحديات، الصين، الدعوة.                                                                                             Abstract The continuation of Islam in China and the aspiration of the Muslims to maintain Islamic faith and its true tolerant legal system retract to the struggles of our respected scholars who learnt the knowledge of the Qurʼan and the Prophetic traditions (al-Sunnah). The services they rendered in translating the meaning of the Qurʼan, simplifying the creed and the legal system of Islam into Chinese language are good indications in that context. In this paper, the researcher is trying to highlight the normal nature of Islam in China by exploring the position and nature of the Muslims, their contemporary and past challenges, and revealing their attempts to preserve the religion of Islam in discharging the religious rites. Through the depiction of Islam and the Muslims, the researcher believes that the wellbeing of Muslims and their continuous survival to be a peace-loving nation could not be achieved without the reform and proper development through self-reformation and its return to full submission to Allah both in private and public life, and without indulging in attainment of material desires and satiating the lust of accumulating ephemeral materials of this world without paying any heed to lawfulness or unlawfulness, or to being obedient or disobedient. Keywords: Effort of the Scholars, Islamic Culture, Noble Origin of Islam, Challenges, Propagation of the Religion.


Author(s):  
يونس عبد الله ما تشنغ بين الصيني

الملخّصإن بقاء الإسلام، ورغبة المسلمين في الحفاظ على عقيدة الإسلام، وشريعته السمحاء في الصين راجعة إلى جهود علمائنا الأجلاء الذين نَهَلُوا العلم الصافي من مَعِينِ القرآن والسنة. وخدمتهم من خلال ترجمة معاني القرآن الكريم، وتبسيط العقيدة والشريعة باللغة الصينية خير دليل على ذلك. ويحاول الباحث تسليط الضوء من خلال هذا البحث على طبيعة الإسلام في أرض الصين، كاشفا أمر وضع الإسلام وطبيعة حال المسلمين، وتحدياتهم قديما وحديثا، مبينا محاولتهم على حفاظ دين الإسلام، وأداء شعائره. ويؤمن الباحث من خلال توصيف حالة الإسلام والمسلمين، أن صلاح المسلمين، وبقاءهم كأمة مسالمة لا رغبة لها؛ إلا في الإصلاح، والتعمير في الأرض، فهو لا يتحقق إلا بإصلاح النفس، وعودتها إلى طاعة الله سرا وعلانية دون الإنغماس في تحقيق الرغبات المادية، وإشباع المطامع الشهوانية من خلال جمع حطام الدنيا دون الالتفات إلى حلال وحرام، وطاعة ومعصية.   الكلمات المفتاحيّة: جهود العلماء، ثقافة الإسلام، مصادر الإسلام الأصلية، التحديات، الصين، الدعوة.                                                                                   AbstractThe continuation of Islam in China and the aspiration of the Muslims to maintain Islamic faith and its true tolerant legal system retract to the struggles of our respected scholars who learnt the knowledge of the Qurʼan and the Prophetic traditions (al-Sunnah). The services they rendered in translating the meaning of the Qurʼan, simplifying the creed and the legal system of Islam into Chinese language are good indications in that context. In this paper, the researcher is trying to highlight the normal nature of Islam in China by exploring the position and nature of the Muslims, their contemporary and past challenges, and revealing their attempts to preserve the religion of Islam in discharging the religious rites. Through the depiction of Islam and the Muslims, the researcher believes that the wellbeing of Muslims and their continuous survival to be a peace-loving nation could not be achieved without the reform and proper development through self-reformation and its return to full submission to Allah both in private and public life, and without indulging in attainment of material desires and satiating the lust of accumulating ephemeral materials of this world without paying any heed to lawfulness or unlawfulness, or to being obedient or disobedient.Keywords: Effort of the Scholars, Islamic Culture, Noble Origin of Islam, Challenges, Propagation of the Religion.


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