| 日時： （Date&Time) |
9月29日（水）午後3時から （Wednesday, September 29, 3:00pm〜） |
| 報告者： （Speaker） |
Stephen Jarratt DAVIES |
| 所属： （Affiliation） |
神戸大学 Kobe University |
| 論題： （Topic） |
National money of account, with a second national money or local monies
as means of payment: a way of finessing the zero interest rate bound.  |
| 概要： (Abstract) |
This paper shows how negative interest rates can be implemented--at much less cost than under alternative proposals--by separation of the unit of account and means of payment roles of money--i.e. by having these roles performed by different moneys. Such separation has been far from unusual in history, however unnatural it may seem to those whose experience is of modern non-separated monetary systems. One possibility discussed is that the means of payment role of cash could be provided by local currencies rather than a national currency. |
| 会場： (Place) |
神戸大学経済経営研究所 会議室 （新館2階） Meeting Room (New Building 2nd floor) |
| 対象： （Intended Audience) |
教員、院生および同等をお持ちの方 Faculty, Graduate Students and People with Equivalent Knowledge |
| 使用言語 （Language) |
英語 English |
| 備考： (Note) |
論文のコピーは研究助成室にご用意しております。 |