Bolt, Wilko <br/><br/>
The Bank of Amsterdam and the Limits of Fiat Money 

 -  Journal of Political Economy  2024 
 - 3919-3941 
<br/><br/> Central banks can operate with negative equity, and many have done so in history without undermining trust in fiat money. However, there are limits. How negative can central bank equity be before fiat money loses credibility? We address this question usin 
<br/><br/><label>ISSN: </label>0022-3808 
<br/><br/><label>Subjects--Topical Terms: </label><br/> Central Banks<br/> Fiat Money<br/>Bank of Amsterdam