Search Results

SORT BY: PREVIOUS / NEXT
Author:Lothian, James R. 

Working Paper
The economics of international monies

The economics of international monies is likely to be informative about the future of the euro. The authors summarize the history of international monies, from the gold solidus introduced in the fourth century to the present. They identify four common characteristics of these currencies: high unitary value; relatively low inflation rates; issuance by major economic and trading powers; and spontaneous, as opposed to planned, adoption. Recent theoretical literature supports the importance of the characteristics, while recent theories? common implication of multiple equilibria supports the ...
FRB Atlanta Working Paper , Paper 2003-37

Working Paper
International money and common currencies in historical perspective

The authors review the history of international monies and the theory related to their adoption and use. There are four key characteristics of these currencies: high unitary value; relatively low inflation rates for long periods; issuance by major economic and trading powers; and spontaneous, as opposed to planned, adoption internationally. The economic theory of the demand for money provides support for the importance of these characteristics. The value of a unit is arbitrary for a fiat money, but the other characteristics are likely to be important for determining any fiat money that will ...
FRB Atlanta Working Paper , Paper 2002-7

Conference Paper
Buffer stock models of the demand for money and the conduct of monetary policy

Proceedings

FILTER BY year

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Keywords

PREVIOUS / NEXT