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Author:Velde, F.R.
Weber, W.E.
Title:A model of bimetallism
Journal:Journal of Political Economy
2000 : DEC, VOL. 108:6, p. 1210-1234
Index terms:MONETARY SYSTEM
Freeterms:BIMETALLISM
COINED METAL
Language:eng
Abstract:Bimetallism has been the subject of considerable debate. In the authors' model, the amounts of each metal are split between coined metal, satisfying a cash-in advance constraint, and uncoined metal, yielding utility. The ratio of the monies in the cash-in-advance constraint is endogenous.
SCIMA record nr: 220495
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