Commodity money

Known as: As good as gold, Commodity standard 
Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves as… (More)
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Papers overview

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2015
2015
  • George Selgin
  • 2015
The conventional dichotomy of “commodity” and “fiat” base monies overlooks a third possibility that shares some features of each… (More)
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2015
2015
This paper presents a model in which safe assets are systemic because they are the medium of exchange for risky assets. Like… (More)
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2012
2012
A prominent feature of the Kiyotaki and Wright (1989) model of commodity money is the multiplicity of dynamic equilibria. We show… (More)
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2009
2009
  • Christine Desan
  • 2009
Medieval coin plays an essential role in the imagined history of money: it figures as the primal "commodity money" — a natural… (More)
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Highly Cited
2008
Highly Cited
2008
We show that "commodity currency" exchange rates have remarkably robust power in predicting global commodity prices, both in… (More)
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2008
2008
In an economy with commodity-pairwise trading posts and transaction costs, commodity money is endogenously determined in general… (More)
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2008
2008
We develop a model of macroeconomic heterogeneity inspired by the Kiyotaki-Wright (1989) formulation of commodity money, with the… (More)
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Highly Cited
2007
Highly Cited
2007
Currently, evidence on the ‘resource curse’ yields a conundrum. While there is much crosssection evidence to support the curse… (More)
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2004
2004
We apply a commodity-money refinement to matching models in which people meet in pairs and buyers make take-it-or-leave-it offers… (More)
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2003
2003
Previous studies have shown that a random-matching model with divisible at money and without constraint on agents' money… (More)
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