Creator

• Bryant, John B.

Series

• Working paper (Federal Reserve Bank of Minneapolis. Research Department)

Issue number

• 168

Date created

• 1981-08

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.

Subject (JEL)

• E40 - Money and Interest Rates: General
• C10 - Econometric and Statistical Methods and Methodology: General

Keyword

• Contracts
• Fiat money
• Commodity money

Date modified

• 07/09/2019

Corporate Author

• Federal Reserve Bank of Minneapolis. Research Department

Publisher

• Federal Reserve Bank of Minneapolis

Resource type

• Research Paper

License

• Creative Commons BY-NC Attribution-NonCommercial 4.0 International

In Collection:

• Working Papers

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