Demand Uncertainty and Decentralization: A Simple Pure Transaction Model of Money 公开 Deposited

Creator Series 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) 关键词 Date Modified
  • 07/09/2019
Corporate Author
  • Federal Reserve Bank of Minneapolis. Research Department
Publisher
  • Federal Reserve Bank of Minneapolis
Resource type
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