Circulation of Private Notes During a Currency Shortage
نویسندگان
چکیده
منابع مشابه
Signaling in a Model of Currency Circulation under Private Information
How does the imperfect recognizability of commodity money a¤ect its production, terms of trade, and circulation? This paper develops a model where coins of di¤erent intrinsic values are minted to be used as a medium of exchange, and are subject to a private information problem. Our model o¤ers a new perspective over existing analyses by allowing owners of coins to signal the quality of their as...
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Background: A Paper currency note is widely exchanged for goods and services in countries worldwide and it was first developed in China. An individual living in unhygienic conditions having unhygienic habits will contaminate the notes with bacteria and these notes will act as a vehicle delivering bacteria to contaminate the hands of the next user. improper hand washing after using the toilet, c...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.849484