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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. |
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