CFDP 1814

The Demonetization of Gold: Transactions and the Change in Control


Publication Date: August 2011

Pages: 48


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.


Gold demonetization, Gold backed paper, Reserves

JEL Classification Codes:  C72, E50, E58

See CFP: 1452


Published in Annals of Finance (February 2015), 11(1): 109-149