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You are here		professorwerner.org Shifting from Central Planning to a Decentralised Economy: Do we Need Central Banks? - Professor Werner
\|	\|	www.moneyness.ca Moneyness: The convenience yield as epicentre of monetary policy implementation Let's not get carried away by the idea that central banks set overnight interest rates. Central banks exercise direct control over the ...	3.9 parsecs Travel
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\|	\|	noahpinionblog.blogspot.com Noahpinion: How much value does the finance industry create? That is the question asked by John Cochrane in this recent draft essay ( non-PDF version here ), in response to a recent Journal of Econ...	4.3 parsecs Travel
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\|	\|	worthwhile.typepad.com Worthwhile Canadian Initiative: Alpha banks, beta banks, fixed exchange rates, market shares, and the money multiplier Forget money and banking for a minute. Let's think about international macroeconomics. Just suppose the US Fed, for reasons unknown, pegged the exchange rate of the US dollar to the Canadian dollar. The Fed makes a promise to ensure the...	3.9 parsecs Travel
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\|	\|	andolfatto.blogspot.com MacroMania: A conversation with Eric Tymoigne on MMT vs SMT There are a lot of moving parts to the MMT program. I want to focus on one of these parts today: the relation between monetary and fiscal...	27.2 parsecs Travel
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