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Document type:
Sonstiges / Other Publication
Title:
Lessons from the money mania for money creation
Series title:
Volkswirtschaftliche Diskussionsbeiträge
Series volume:
30,3
Place of publication:
Neubiberg
Publishing institution:
Universität der Bundeswehr München, Fachgruppe für Volkswirtschaftslehre
Year:
2018
Pages from - to:
16
Language:
Englisch
Keywords:
money mania ; money creation ; convertible money ; non-convertible money ; John Law ; risk
Abstract:
The first attempt in the human history to consciously create money ended in a collapse in 1720, well-known as the money mania. This unfortunate start raises doubt on money creation as a whole such that today there are still voices questioning created money even though it is now indispensible for the world economy. But this misfortune also has the bright side in that it delivers an extensive example of risks which created money has to consider. In this paper, I review the central facts from the m... »
Department:
Fakultät für Wirtschafts- und Organisationswissenschaften
Institute:
WOW 5 - Institut für Ökonomie und Recht der globalen Wirtschaft
Open Access yes or no?:
Ja / Yes
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