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| Semester | Herbstsemester 2014 |
| Angebotsmuster | Jedes Herbstsemester |
| Dozierende | Peter Kugler (peter.kugler@unibas.ch, BeurteilerIn) |
| Inhalt | Today's monetary system with central banks providing fiat money (so called paper money standard) is a historically very recent phenomenon as it was created during the 20th century. Historically dominant is metallic money (mostly silver and gold coins) and the paper money circulating with a increasing share since the industrial revolution could be converted to silver or gold in normal times (metallic standard). There is a strong difference between a metallic standard and a modern monetary system with central banks and fixed or flexible exchange rates known from the usual courses in (international) monetary economics. Therefore, this course deals with the theory of commodity money and its historical development as well as the analysis of historical inflation and deflation episodes. In addition hyperinflations are discussed which appeared all with a paper money standard and with one exception in the 20th century. |
| Literatur | Bernholz, Peter: Monetary Regimes and Inflation; History, Economic and Political Relationships, Edward Elgar, Cheltenham UK, 2003 (Paperback). Bernholz, Peter und Kugler, Peter (a): The Success of Currency Reforms to End Great Inflations: An Empirical Analysis of 34 High Inflations, May 2008, German Economic Review 10(2), 2009, 165-175 . Bernholz, Peter und Kugler, Peter (b): Financial Market Integration in the Early Modern Period in Spain: Results from a Threshold Error Correction Model, Economics Letters 110, 2011), 93-96. Bordo, Michael und Filardo, Andrew: Deflations, Economic Policy, October 2005, 799-844. Friedman, Milton: Bimetallism Revisited, Journal of Economic Perspectives 4, 4, 1990, 85-104. Flynn O., Dennis: The Use and Misuse of the Quantity Theory of Money in Early Modern Historiography, Minting, Monetary Circulation and Exchange Rates, Proceedings of the 8th International History Congress, Section C7, Budapest 1982, Verlag Trierer Historische Forschung. Trier 1984, 383 414. Kindleberger, Charles P. (a): The Economic Crises of 1619 to 1623, Journal of Economic History 51, 1, 1991, 149-175. Kindleberger, Charles, P. (b): A Financial History of Western Europe, Oxford University Press, 1993. Kugler, Peter: Financial Market Integration in Late Medieval Europe: Results from a Threshold Error Correction Model for the Rhinegulden and Basle Pound, 1365-1429, Swiss Journal of Economics and Statistics 147, 2011, 337-352. Kugler, Peter und Bernholz, Peter ©: The Price Revolution in the 16th Century: Empirical Results from a Structural Vectorautoregression Model, January 2007. Niehans, Jürg: Geschichte der Aussenwirtschaftstheorie im Überblick, J.C.B. Mohr (Paul Siebeck), Tübingen, 1995 (UTB). White, Lawrence H.: The Theory of Monetary Institutions, Blackwell, Oxford UK, 1999. |
| Weblink | Weblink |
| Teilnahmebedingungen | completed BA in Business and Economics |
| Anmeldung zur Lehrveranstaltung | Course registration: please enrol in MOnA; Eucor students enrol at the Students Services at Petersplatz 1 within the registration deadline. Registration = Admission to the exam |
| Unterrichtssprache | Englisch |
| Einsatz digitaler Medien | kein spezifischer Einsatz |
| HörerInnen willkommen |
| Intervall | Wochentag | Zeit | Raum |
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Keine Einzeltermine verfügbar, bitte informieren Sie sich direkt bei den Dozierenden.
| Module |
Kernmodul: Core Areas in Monetary Economics (Master International and Monetary Economics) Modul Spezialkompetenzen Europa (Master European Studies) Vertiefungsmodul Monetary Economics and Financial Markets (Master Wirtschaftswissenschaften) |
| Leistungsüberprüfung | Semesterendprüfung |
| Hinweise zur Leistungsüberprüfung | Written exam: 17.12.14; 16:30-17:15. WWZ S15: A-F; Bernoullianum: G-Z. Exam rooms: http://wwz.unibas.ch/studium/pruefungen/raeume/ You can still withdraw from the examination by submitting a completed, signed form to our office from 14.10.14 until 24.10.14 / 12:00 o’clock. Withdrawals sent by email will not be accepted. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office. Prior to 13.10.14, please only use MONA for withdrawing. The exam rooms will be published up to 03.12.14. |
| An-/Abmeldung zur Leistungsüberprüfung | Anmeldung: Belegen |
| Wiederholungsprüfung | keine Wiederholungsprüfung |
| Skala | 1-6 0,1 |
| Wiederholtes Belegen | beliebig wiederholbar |
| Zuständige Fakultät | Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch |
| Anbietende Organisationseinheit | Forschungsstelle Geld- und Währungsgeschichte |