drachma (a Greek coin). The “lost coin” in the parable that Jesus tells in Luke 15:8–10 is a drachma. shekel (pieces of silver): The story of Judas receiving money to betray Jesus uses an imprecise …

Specifically, its main purpose is to present some historical perspective on the behaviour of the monetary and fiscal policies pursued in Greece during the period from the early 1830s until the introduction of …

small silver coin – a drachm was a man’s average daily wage. large silver coin – a tetradrachm would buy luxuries such as jewellery, horses or weapons. It was worth four times a man’s daily wage. From …

How- ever, a 6-obol drachma is demanded by this document as well as by others but the numismatic evidence rules out the existence of such a coin. Therefore a brief explanation of its appearance in …

We show that a monetary union country can increase its seigniorage revenue by reissuing its own currency even as it fully honors all outstanding debt obligations.

In the unlikely event that the author did not send a complete manuscript and there are missing pages, these will be noted. Also, if material had to be removed, a note will indicate the deletion. Published …

Of course a very substantial as well as sudden devaluation of the drachma, combined with the reintroduction of foreign exchange and bank.ing system controls, might leave domes tic savers with …