Essays on Money, and the Asymmetries
of the International Monetary System

PhD supervisors:

Ernesto Screpanti (Univesità degli Studi di Siena) (Link)
Luís Mata M. (Universidad Central de Venezuela) (Link)
Edward J. Nell (New School University) (Link)

PhD committee:

Sergio Cesaratto (Univesità degli Studi di Siena) (Link)
Anna Simonazzi (Univesità di Roma "La Sapienza") (Link)
Claudio Sardoni (Univesità di Roma "La Sapienza") (Link)

In fulfillment of the requirements for the degree
of Doctor of Philosophy in Economics at

Univesità degli Studi di Siena
Dipartimento di Economia Politica

Siena, Italy
December 2009

Presentation PowerPoint version

Full text (password needed) PDF version

Table of Contents PDF version

Preface PDF version

Simulations

Equations PDF version

Fundamental Tables

Table II.1. Theoretical Conclusions on the two opposed theories of Money

PDF version

Table II.2. Central Banks' balance sheet

PDF version

Table II.3. Central Bank control variables

PDF version

Table III.1. The Balance Sheet Matrix of a REE

PDF version

Table III.2. Revaluation Matrix of a REE

PDF version

Table III.3. Transaction Matrix of a REE

PDF version

Table III.6. Results from simulations

PDF version

Fundamental Diagrams

Diagram II.1. Definitions: Reserve Earning Economies (REE) and first, second and third-order Reserve Issuing Economies (RIE)

PDF version

Diagram II.2 International Monetary Asymmetries and the link between the Foreign Exchange Rate and the Short-term Interest Rate

PDF version