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コロナ カ ニ オケル カンコウ ユウキ シサク ガ シュクハク キャク ノ カイフク カテイ ニ アタエタ エイキョウ ノ ブンセキ
Get PDF滋賀大学修士（データサイエンス）master thesi
シリツ コウコウ 1 ネンセイ ノ ガッコウ テキオウ カン ト ニュウガク ゴ ヨウイン ノ カンレン ユウジン カンケイ ガクギョウ ブカツドウ ノ コウゴ サヨウ ニ チャクモク シタ タンサクテキ ケントウ
Get PDFdepartmental bulletin pape
スコットランド キョウイクキョク ニオケル キョウイク セイサク ケイセイ タイセイ ノ セイリツ ニ カンスル コウサツ ─1918ネン スコットランド キョウイクホウ ニヨル シモン イインカイ ノ セッチ オヨビ ソノゴ ノ カツドウ ト テンカイ オ チュウシン ト シテ─
Get PDF滋賀大学教育学部紀要, 第73号, pp.87-100departmental bulletin pape
Some Misconceptions about Central Bank Money : From the Perspective of Exploring the Essence of Central Banking
Get PDFThis paper critically examines several seemingly misguided views of central bank money from the perspective of exploring the essence of central banking. The following issues are considered;
1. Why are banknotes listed as liabilities on the central bank's balance sheet? The debt nature of banknote is examined. This issue is an important point on which this paper is based.
2. It is often claimed that since the cost of producing a 10,000 yen banknote is 20 yen, the central bank immediately earns a profit of 9,980 yen by issuing a 10,000 yen banknote. Is this correct? The so-called “seigniorage problem” is examined.
3. If the government and the central bank are consolidated into a unified government, the government's debt (government bonds) and the central bank's asset (government bonds) offset each other. Thus, as long as the central bank buys government bonds through open market operations, the government's debt becomes zero, and the burden of government bond redemption disappears. Is this correct? The so-called “consolidated government theory” is examined.
4. The characteristics and properties of the central bank's two major liabilities, namely, banknote and current deposit (reserve), which make up the monetary base, are explained, and the validity of the so-called “money multiplier approach” is examined.
5. The characteristics of the so-called "Bank of Japan Theory" and its relationship with the endogenous money supply theory are examined.彦根論叢, 第438号, pp. 66-82departmental bulletin pape
