ISSN:
1432-0479
Keywords:
JEL Classification Numbers: E60.
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary. This paper formulates a model of commodity money that circulates by tale, and applies it to a variety of situations, some of which seem to confirm, and others to contradict, `Gresham's Law'. We analyze how debasements could prompt decisions of citizens voluntarily to participate in recoinages that subjected them to seigniorage taxes.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/s001990050154
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