search query: @indexterm MONETARY THEORY / total: 83
reference: 6 / 83
Author: | Selgin, G. |
Title: | Adaptive learning and the transition to fiat money |
Journal: | Economic Journal
2003 : JAN, VOL. 113:484, p. 147-165 |
Index terms: | Monetary economics Exchange control Monetary theory |
Language: | eng |
Abstract: | Adaptive learning precludes any voluntary transition to a fiat standard from a non-monetary state of nature and can account for the historically-observed tendency for fiat monetary standards to emerge only following the prior appearance of commodity money and the widespread employment of redeemable banknotes. |
SCIMA