JTF.ORG Forum
General Category => General Discussion => Topic started by: Ulli on May 05, 2021, 07:20:34 AM
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The influence of the central bank’s assets on the exchange rate and
the price level: essays and empirical analyses
https://www.wiwi.uni-frankfurt.de/fileadmin/user_upload/dateien_abteilungen/abt_ewf/LS_Klump/documents/Personal_information/Dissertation_Ingo_Benjamin_Sauer_Summary.pdf (https://www.wiwi.uni-frankfurt.de/fileadmin/user_upload/dateien_abteilungen/abt_ewf/LS_Klump/documents/Personal_information/Dissertation_Ingo_Benjamin_Sauer_Summary.pdf)
Lots of people are speaking about this work in Germany. Dr. Benjamin Sauer went through lots of archives in order to explain what exactly was the trigger for the 4 big hyperinflations of the 20th century.
His point, as I have understood, is that the trigger for hyperinflation is not the volume of money, but the quality of the assets, that the Central Bank gets in exchange for it. If the percentage of the bad assets is too high, hyperinflation triggers automatically. He wrote this paper (here sadly only abstract) for his Doctor work.
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That's interesting. I am setting up a new business. I already made a logo, email address and visiting-cards. In my business experience, tax avoidance is crucial for success. You can't control macroeconomic policies, but you have to do your best not to be destroyed by tax burdens.
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That's interesting. I am setting up a new business. I already made a logo, email address and visiting-cards. In my business experience, tax avoidance is crucial for success. You can't control macroeconomic policies, but you have to do your best not to be destroyed by tax burdens.
I wish you all the success possible!
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I wish you all the success possible!
Thanks so much!