In the second volume of the IMFS series of publications on money, currency and finance, author Benjamin Beck analyzes legal tender in the euro area and its compulsory acceptance. The joint series with the publishing house is edited by Prof. Helmut Siekmann and Prof. Volker Wieland.
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The IMFS Board of Directors appointed former Bundesbank President Jens Weidmann as Distinguished Fellow. Weidmann commented he felt closely connected to the goals and issues of the IMFS and was pleased to support its work.
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The open platform for macroeconomic models of the IMFS now contains more than 150 models. In a joint research project with the Hoover Institution, the new version MMB 3.1 of the website www.macromodelbase.com also offers further technical features.
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In a guest article in the "Börsen-Zeitung," Prof. Michael Haliassos explains how people with higher education perceive wealth inequality as an opportunity and what options there might be to make it easier for the less educated to access financial products.
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