FIAT MONEY AND COORDINATION: A 'PERVERSE' COEXISTENCE OF PRIVATE NOTES AND FIAT MONEY

John Bryant

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FIAT MONEY AND COORDINATION: A 'PERVERSE' COEXISTENCE OF PRIVATE NOTES AND FIAT MONEY

机译：法定货币和协调：私人票据和法定货币的“过时”共存

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摘要

With imperfect information there can be a production coordination problem, which induces its own "perverse" demand for fiat money. Moreover, in such an equilibrium ("productive") production-backed private notes and fiat money can coexist.

机译：如果信息不完善，可能会产生生产协调问题，从而导致其自身对法定货币的“反常”需求。此外，在这种平衡（“生产性”）中，生产支持的私人票据和法定货币可以共存。

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来源
《Eastern economic journal》 |2005年第3期|p.377-381|共5页
作者
John Bryant;
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作者单位

Department of Economics-MS22, Rice University, P.O. Box 1892, Houston, Texas 77251-1892;

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原文格式 PDF
正文语种 eng
中图分类 f;
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FIAT MONEY AND COORDINATION: A 'PERVERSE' COEXISTENCE OF PRIVATE NOTES AND FIAT MONEY

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