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"Collection of papers and presentation slides on the subject of digital (crypto)currencies Article contributors are experts with much seniority and experience in their respective fields, and who hail from established and prestigious research institutions Examines the emerging field of private...
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for fiat currency in North America (and maybe beyond): the little-known example of the Massachusetts colony at the end of … Americans invented modern money by shifting money's foundation from intrinsically valuable goods to the authority of the state … currency you can use to pay for x things, so use this money. Goldberg's narrative traces how this happy accident has grown into …
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government regulation might be an audited ISO accreditation standard for “good currency” or “good common tender” …
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A prominent feature of the Kiyotaki and Wright (1989) model of commodity money is the multiplicity of dynamic equilibria. We show that the frequency of search is strongly related to the extent of multiplicity. To isolate the role of frequency of search in generating multiplicity, we (i) vary the...
Persistent link: https://www.econbiz.de/10008747495
A prominent feature of the Kiyotaki and Wright (1989) model of commodity money is the multiplicity of dynamic equilibria. We show that the frequency of search is strongly related to the extent of multiplicity. To isolate the role of frequency of search in generating multiplicity, we (i) vary the...
Persistent link: https://www.econbiz.de/10013135349