The Bank of Amsterdam and the Limits of Fiat Money

By:

Bolt, Wilko

Contributor(s):

Material type:

Continuing resourcePublication details: Journal of Political Economy; 2024Description: 3919-3941ISSN:

0022-3808

Subject(s):

Online resources:

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Summary: 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

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Holdings
Item type	Current library	Vol info	Status	Barcode
Article Index	Dr VKRV Rao Library	Vol. 132, No. 12	Not for loan	AI1445

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

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