Inescapable Role of Real Currency Convertibility

2022 ◽  
pp. 74-85

The invention of paper money created a major new problem: how to ensure its value. Historically, the most reliable means of preserving and stabilizing the value of paper currency has been for those issuing paper money to guarantee to convert their notes, on demand, into real assets, at a specified rate of exchange. The most common asset used for this has been gold, which has been effective in preserving the value of currency over a century or more, but this has not prevented serious economic fluctuations. Consequently, for more than a century, economists have argued that it would be more effective to make currency convertible on demand into a range of commodities. Unfortunately, efforts to devise a means of achieving this have not succeeded to date.

2016 ◽  
Vol 14 (3) ◽  
pp. 243-253
Author(s):  
Grzegorz Stefanowicz

This article undertakes to show the way that has led to the statutory decriminalization of euthanasia-related murder and assisted suicide in the Kingdom of the Netherlands. It presents the evolution of the views held by Dutch society on the euthanasia related practice, in the consequence of which death on demand has become legal after less than thirty years. Due attention is paid to the role of organs of public authority in these changes, with a particular emphasis put on the role of the Dutch Parliament – the States General. Because of scarcity of space and limited length of the article, the change in the attitudes toward euthanasia, which has taken place in the Netherlands, is presented in a synthetic way – from the first discussions on admissibility of a euthanasia-related murder carried out in the 1970s, through the practice of killing patients at their request, which was against the law at that time, but with years began more and more acceptable, up to the statutory decriminalization of euthanasia by the Dutch Parliament, made with the support of the majority of society.


2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Ana Luíza Silva Rocha ◽  
Josilene Ramos Pinheiro ◽  
Thamilin Costa Nakamura ◽  
José Domingos Santos da Silva ◽  
Beatriz Gonçalves Silva Rocha ◽  
...  

AbstractIt is not clear if COVID-19 can be indirectly transmitted. It is not possible to conclude the role of the environment in transmission of SARS-CoV-2 without studying areas in which people transit in great numbers. In this work we aimed to better understand the role of environment in the spread of COVID-19. We investigated the presence of SARS-CoV-2 in fomites as well as in the air and in the sewage using RT-qPCR. We studied both, a reference market area and a COVID-19 reference hospital at Barreiras city, Brazil. We collected and analyzed a total of 418 samples from mask fronts, cell phones, paper money, card machines, sewage, air and bedding during the ascendant phase of the epidemiological curve of COVID-19 in Barreiras. As a result, we detected the human RNAse P gene in most of samples, which indicates the presence of human cells or their fragments in specimens. However, we did not detect any trace of SARS-CoV-2 in all samples analyzed. We conclude that, so far, the environment and inanimate materials did not have an important role in COVID-19 transmission in Barreiras city. Therefore, similar results can probably be found in other cities, mainly those with COVID-19 epidemiological scenarios similar to that of Barreiras city. Our study is a small piece indicating the possibility that fomites and the environment do not have an important role in COVID-19 transmission. However, further studies are necessary to better understand the world scenario.


2014 ◽  
Vol 52 (4) ◽  
pp. 993-1074 ◽  
Author(s):  
Paul Beaudry ◽  
Franck Portier

There is a widespread belief that changes in expectations may be an important independent driver of economic fluctuations. The news view of business cycles offers a formalization of this perspective. In this paper we discuss mechanisms by which changes in agents' information, due to the arrival of news, can cause business cycle fluctuations driven by expectational change, and we review the empirical evidence aimed at evaluating their relevance. In particular, we highlight how the literature on news and business cycles offers a coherent way of thinking about aggregate fluctuations, while at the same time we emphasize the many challenges that must be addressed before a proper assessment of the role of news in business cycles can be established. (JEL D83, D84, E13, E32, O33)


1977 ◽  
Vol 37 (1) ◽  
pp. 13-19 ◽  
Author(s):  
Earl J. Hamilton

Wars in early modern times, although frequent, generated little price inflation because of their limited demands on real resources. The invention of paper currency and the resort to deficit financing to pay for wars changed that situation. In recent centuries wars have been the principal causes of inflation, although since World War II programs of social welfare unmatched by offsetting taxation have also fueled inflationary flames.


1852 ◽  
Vol 13 ◽  
pp. 179-189 ◽  
Author(s):  
H. Parkes

Among the various wonderful inventions, marking the astonishing advances which the Chinese had so early made towards civilization, is that of Paper-Money, which dates as far back as the year 119 before our era. The cause that led to its introduction was the low state of the finances of the Government, who, after various other experiments, issued at last regular paper assignats, which, from the ponderous nature of the rude coin then in use, and the security that the warranty of government afforded, soon obtained extensive circulation. The government who had thus introduced this new currency, made it an object of much legislation; and various were the schemes that were started and remoulded, in the hope of permanently establishing its use. But the numerous intestine wars, and the repeated subversion of dynasties that followed, tended seriously to detract from the credit of the government; and thus, owing to its bad faith, and the excessive issues, a complete failure of the system was the result, after a lapse of five centuries having been spent in unsuccessful attempts to establish it. Government paper-money seems to have disappeared in the early part of the late Ming dynasty; and the Manchus, on their accession, never attempted to revive its use. To Klaproth we are indebted for very elaborate researches on this interesting and oft-discussed subject.


Author(s):  
Angela Redish

This chapter presents the evolution of Western monetary systems from the bimetallic standards of medieval Europe through the gold standard and Bretton Woods eras to today’s fiat money regimes. The chapter notes that issues of revenue creation enabled by the monopoly over money issue—through debasement and/or inflation—runs through this history, as does the significance of the credibility of the money issuer. An additional theme in the chapter is the role of changing technology of money issue, from the hammered coins of the medieval period, to the milled coins of the early modern period, through paper money issues to cryptocurrencies.


2021 ◽  
pp. 1-19
Author(s):  
Kruskaya Hidalgo Cordero ◽  
Carolina Salazar Daza

Abstract This article focuses on the multiple violations of labor rights that on-demand delivery workers are facing in Ecuador—as well as their resistance. By presenting a case study of a recent organizational process to raise awareness of workers’ demands, we bring forward the role of women in platform workers organizations. Our reflections are based on data collected and analyzed from a survey of 148 anonymous delivery workers from three Ecuadorian cities; an in-depth interview; and our involvement in the project “Platform Observatory”. The analysis draws upon theoretical, methodological, and analytical frameworks developed by Feminist Economics. Our findings highlight how a migrant woman sustains la lucha—the fight—in a masculinized sector and her struggles to keep the organization alive. Moreover, we contribute to generating an archive of workers’ demands and their organization process in the country.


2020 ◽  
pp. bmjsrh-2020-200849
Author(s):  
Sierou Bras ◽  
Rebecca Gomperts ◽  
Michaela Kelly ◽  
Abigail R A Aiken ◽  
Catherine Conlon

BackgroundAfter having one of the most restrictive abortion laws worldwide, Ireland legalised abortion in January 2019. We examine how legalisation impacted on demand for online telemedicine outside the jurisdiction.MethodsWe analysed anonymised data from 534 people from Ireland seeking online telemedicine abortion prior to legalisation (January–March and October–December 2018) and in the first 3 months following legalisation (January–March 2019). Numbers, characteristics and reasons for seeking the service before and after legalisation were compared. Content analysis of emails from people seeking the service following legalisation explored reasons for seeking care.ResultsHalf as many people contacted Women on Web in the 3 months immediately after legalisation as compared with contacts 12 months prior (103 vs 221). Of these, the proportion receiving the service reduced, from 72% prior to legalisation to 26% after legalisation (p≤0.001). After legalisation, access related reasons for seeking online telemedicine featured less while reasons relating to privacy, stigma and avoiding protestors featured more.ConclusionsPeople continued to seek abortion through online telemedicine after legalisation, though the number of contacts reduced by half and the proportion receiving the service decreased considerably. To address access issues, policy measures should promote normalisation of abortion, legislate for safe zones around providers, and consider access in situations of coercive control or abuse including the role of telemedicine in the local model of care. Abortion provided through online telemedicine continues to be an important part of providing safe, accessible abortion even after legalisation.


2014 ◽  
Vol 631-632 ◽  
pp. 288-291
Author(s):  
Yuan Xue Song ◽  
Pei Tian ◽  
Yu Han Zhou

As an interactive and on-demand service, IPTV meets the need of the current broadband network of value-added services. IPTV’s bidirectionality makes the viewing data available, and these data have objectivity and authenticity. According to the massive IPTV viewing data, this article applies module maximization algorithm to excavate useful patterns or knowledge of useful, potential and previously unknown. Maximize the role of user data which can make the advertisers to develop personalized, targeted advertising program, so as to reduce the advertising efforts, but they can get higher returns.


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