Jon Frost
Biographic Data
| ID | 5867805 |
|---|---|
| NAME | Jon Frost |
| GIVEN NAMES | Jon |
| FAMILY NAME | Frost |
| SIGNATURE | FROST J |
| AFFILIATIONS | Bank for International Settlements |
| ORCID | 0000-0001-9635-1590 |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 1 |
| AUTHOR COUNT | 1 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2024 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 1 |
The Bank of Amsterdam and the Limits of Fiat Money
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 using a global game approach motivated by the fall of the Bank of Amsterdam (1609–1820). We solve for the unique break point where negative equity and asset illiquidity render fiat money worthless. W…
The Bank of Amsterdam and the Limits of Fiat Money
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 using a global game approach motivated by the fall of the Bank of Amsterdam (1609–1820). We solve for the unique break point where negative equity and asset illiquidity render fiat money worthless. W…
The Bank of Amsterdam and the Limits of Fiat Money
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 using a global game approach motivated by the fall of the Bank of Amsterdam (1609–1820). We solve for the unique break point where negative equity and asset illiquidity render fiat money worthless. W…
Economics (1 works) · European Monetary and Fiscal Policies (1 works) · Fiat money (1 works) · German Economic Analysis & Policies (1 works) · Housing, Finance, and Neoliberalism (1 works) · Keynesian economics (1 works) · Monetary economics (1 works) · Monetary policy (1 works)