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Creator: Bryant, John B. Series: Working paper (Federal Reserve Bank of Minneapolis. Research Department) Number: 168 Abstract:
A simple model of backed money without a store of value function is presented, discussed, and defended. The function of money in the model is to replace complex contingent contracts traded on a centralized exchange with simple trades in decentralized markets.
Palavra-chave: Fiat money, Commodity money, and Contracts Sujeito: C10 - Econometric and Statistical Methods and Methodology: General and E40 - Money and Interest Rates: General