The nature of money in a convertible currency world
(2020)
Journal Article
Sissoko, C. (2020). The nature of money in a convertible currency world. Review of Economic Analysis, 12(1),
In a world where the means of exchange is convertible into the numeraire consumption good at a fixed rate, no one wants to hold money over time – and due to convertibility there is no means by which the Friedman rule can generate deflation. This is t... Read More about The nature of money in a convertible currency world.