Keynes and the international monetary system: Time for a tabular standard?

This paper discusses proposals for tabular standards in the late nineteenth and early twentieth centuries. In particular, we focus on Keynes’ proposal for an international tabular standard (ITS) as the gold standard unravelled in the 1930s. The paper explains the origins of Keynes’ ITS proposal which pegged the value of an international reserve to a broad index of primary commodities, weighted in terms of their value in world production. We argue that the ITS should be viewed as an important and enduring component of Keynes’ ideal long-run vision for anchoring the international monetary system, even post-Bretton Woods.     

Being in Someone Else’s Shoes: the Role of Gender in Nascent Entrepreneurship

Several studies have shown the existence of significant differences in the rate of new business creation between men and women. Specifically, it has been shown that women are much less likely to be involved in entrepreneurship than men worldwide. It is not yet understood, however, if such differences are the result of personal characteristics of the individual and of her economic environment or are, instead, the result of universal and, perhaps, evolutionary phenomena. Our empirical analysis is conducted using representative samples of population for 37 countries and a special form of bootstrapping that allows us to equalize individuals’ conditions and, as a result, analyze the choices of men and women put in identical economic environments and socio-economic circumstances.      

Location determinants of green technological entry: evidence from European regions

Small Business Economics - In this paper, we explore the spatial distribution and the location determinants of new green technology-based firms across European regions. Integrating insights from...     

Is risk attitude toward health outcomes context driven?

Quality & Quantity - Economists consider personality as a non-cognitive asset that can have important consequences on individuals’ economic behavior. Van der Pol and Ruggeri showed, that...     

Contrarians or momentum chasers? Individual investors’ behavior when trading exchange-traded funds

Conducting the first study of momentum impact on households’ exchange-traded fund (ETF) trading behavior, we find that Finnish households are less contrarian when trading benchmark index ETFs than when trading common stocks. Also, their propensity to chase recent positive momentum is higher when purchasing ETFs than when purchasing stocks. As expected, results are stronger for ETF purchases than sales. Our findings are consistent with hypotheses that households are less overconfident trading index ETFs than common stocks, that contrarian behavior is more often rational when trading stocks than when trading ETFs, and that households trade ETFs for the long run.     

Branding before the brand: Marks,imitations and counterfeits in pre-modern Europe

Abstract

This article aims to analyse the practices of branding adopted in the European pre-modern economy in order to communicate information about the product to the consumer. It examines the nature and function of master’s marks and collective marks and their interaction with processes of imitation and counterfeiting, and takes a stance in the debate on the origins of the modern brand, arguing in favour of the thesis that early forms of brand may be found only in the economic context of the eighteenth century and not before.