haku: @indexterm Monetary economics / yhteensä: 201
viite: 10 / 201
| Tekijä: | Selgin, G. |
| Otsikko: | Adaptive learning and the transition to fiat money |
| Lehti: | Economic Journal
2003 : JAN, VOL. 113:484, p. 147-165 |
| Asiasana: | Monetary economics Exchange control Monetary theory |
| Kieli: | eng |
| Tiivistelmä: | 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. |
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