Search results for "Money"
showing 4 items of 144 documents
Limits to Arbitrage and Interest Rates: a Debate Between Keynes, Hawtrey and Hicks
2018
International audience; This paper deals with a debate between Hawtrey, Hicks and Keynes concerning the capacity of the central bank to influence the short-term and the long-term rates of interest. Both Hawtrey and Keynes considered the central bank’s ability to influence short-term rates of interest. However, they do not put the same emphasis on the study of the long-term rates of interest. According to Keynes, long-term rates are influenced by future expected short-term rates (1930, 1936), whereas for Hawtrey (1932, 1937, 1938), long-term rates are more dependent on the business cycle. Short-term rates do not have much effect on long-term rates according to Hawtrey. In 1939, Hicks enters …
The politics of money utopias : methodological utopian explorations of the Banjar and the Neocracy
2022
Methodological utopianism is used to explore the potential of money via two examples, making use of simulacrum case study research. These examples are the Banjar, a traditional Balinese governance and currency system; and the Neocracy, a real cryptocurrency system. Both are considered through an integralist positioning with implications for practical utopianism and economic evaluation of community currency systems. Backgrounds on utopian studies, and money are given for contextualization of our approach. We take a heterodox economic position and use the “archaeological” approach of utopian thought. The simulacrum case study is introduced as a tool to foster political imagination about possi…
Cultural Politics of Love and Provision among Poor Youth in Urban Tanzania
2015
This article examines how urban youth in the poorest neighbourhoods of Dar es Salaam negotiate the terms of transactional intimacy, that is, heterosexual relations in which men are expected to provide for women materially. Using the concept of ‘affect’, I argue that this negotiation involves different levels of male providership, as well as moral values attached to notions of ‘true love’ and the Swahili concept of tamaa. Poor men and women view their agency differently within transactional intimacy, with women describing themselves as exploited by men who do not fulfil their end of the transactional bargain, and poor men portraying themselves as deeply disempowered in comparison to wealthie…
La dollarisation des économies émergentes
2002
Current discussions about dollarization/euroization are built on substitution models and cost/benefits analysis. This working paper aims to go beyond these explanations based on a functionalist definition of money. An institutionalist definition of money advocates analyzing de facto dollarization more broadly as a legitimacy crisis of the unit of account that damages monetary sovereignty and of whom authorities try to check in a kind o f institutional resistance. A macroeconomic definition of money involves questionning full and de jure dollarization consistency with both of principles guiding the monetary economy of production: (1) endogeneity of money; (2) merger between monetary space an…