CFDP 1814
The Demonetization of Gold: Transactions and the Change in Control
Author(s):Publication Date: August 2011
Pages: 48
Abstract:
Three models of a monetary economy are considered, in order to show the effects of a gold demonetization: the first with a gold money, the second with demonetized gold but no central bank, and the third with demonetized gold, but with a central bank. The distinctions between ownership and control are discussed.
Keywords:
Gold demonetization, Gold backed paper, Reserves
JEL Classification Codes: C72, E50, E58
See CFP: 1452
Note:
Published in Annals of Finance (February 2015), 11(1): 109-149