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The two concepts of money: implications for the analysis of optimal currency areas

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  • Goodhart, Charles A. E.
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    Article provided by Elsevier in its journal European Journal of Political Economy.

    Volume (Year): 14 (1998)
    Issue (Month): 3 (August)
    Pages: 407-432

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    Handle: RePEc:eee:poleco:v:14:y:1998:i:3:p:407-432

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    Web page: http://www.elsevier.com/locate/inca/505544

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Charles Goodhart, 1989. "Money, Information and Uncertainty: 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262071223, December.
    2. Krugman, P., 1993. "What Do We Need to Know About the International Monetary System?," Princeton Studies in International Economics 190, International Economics Section, Departement of Economics Princeton University,.
    3. Menger, Carl, 1892. "On the Origins of Money," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 2, pages 239-255.
    4. Hicks, J. R., 1969. "A Theory of Economic History," OUP Catalogue, Oxford University Press, number 9780198811633, September.
    5. Ephraim Kleiman, 1987. "‘Just price’ in Talmudic Literature," History of Political Economy, Duke University Press, vol. 19(1), pages 23-45, Spring.
    6. Benjamin J. Cohen, 1993. "Beyond Emu: The Problem Of Sustainability," Economics and Politics, Wiley Blackwell, vol. 5(2), pages 187-203, 07.
    7. Martin C. McGuire & Mancur Olson Jr., 1996. "The Economics of Autocracy and Majority Rule: The Invisible Hand and the Use of Force," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 72-96, March.
    8. Ephraim Kleiman, 1987. "Opportunity Cost, Human Capital, and Some Related Economic Concepts in Talmudic Literature," History of Political Economy, Duke University Press, vol. 19(2), pages 261-287, Summer.
    9. Dowd, Kevin & Greenaway, David, 1993. "Currency Competition, Network Externalities and Switching Costs: Towards an Alternative View of Optimum Currency Areas," Economic Journal, Royal Economic Society, vol. 103(420), pages 1180-89, September.
    10. Alchian, Armen A, 1977. "Why Money?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 9(1), pages 133-40, February.
    11. Dacy, Douglas C, 1984. "The Effects of Confidence on Income Velocity in a Politically Unstable Environment: Wartime South Vietnam," Kyklos, Wiley Blackwell, vol. 37(3), pages 414-23.
    12. Thomas F. Cargill & Michael M. Hutchison & Takatoshi Ito, 1997. "The Political Economy of Japanese Monetary Policy," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262032473, December.
    13. Filippo Cesarano, 1997. "Currency Areas and Equilibrium," Open Economies Review, Springer, vol. 8(1), pages 51-59, January.
    14. Ritter, Joseph A, 1995. "The Transition from Barter to Fiat Money," American Economic Review, American Economic Association, vol. 85(1), pages 134-49, March.
    15. Brunner, Karl & Meltzer, Allan H, 1971. "The Uses of Money: Money in the Theory of an Exchange Economy," American Economic Review, American Economic Association, vol. 61(5), pages 784-805, December.
    16. Kiyotaki, Nobuhiro & Wright, Randall, 1989. "On Money as a Medium of Exchange," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 927-54, August.
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    1. QE Euro-style: There is no alternative to the ECB writing the check
      by aterzi in Mecpoc on 2011-11-13 14:17:14
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      by Guest Author in credit writedowns on 2011-11-15 16:18:41
    3. The Economist On Money and the State
      by George Selgin in Free Banking on 2012-08-22 03:44:50
    4. The puzzling ignorance of optimum currency area theory
      by Dirk in econoblog101 on 2013-12-23 08:41:12
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    Cited by:
    1. C. Sardoni, 2006. "Why Central Banks (and Money) Rule the Roost," Economics Working Paper Archive wp_457, Levy Economics Institute.
    2. Nikolay Nenovsky & Giovanni Pavanelli & Kalina Dimitrova, 2007. "Exchange Control in Italy and Bulgaria in the Interwar Period: History and Perspectives," ICER Working Papers 40-2007, ICER - International Centre for Economic Research.
    3. Mikael Stenkula, 2003. "Carl Menger and the network theory of money," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 10(4), pages 587-606.
    4. Filippo Cesarano, 2011. "The Political and Economic Dimension of Monetary Unions," Open Economies Review, Springer, vol. 22(5), pages 985-996, November.
    5. Michael Bordo & Harold James, 2006. "One World Money, Then and Now," NBER Working Papers 12189, National Bureau of Economic Research, Inc.
    6. Hein, Eckhard & Truger, Achim, 2002. "European Monetary Union: Nominal convergence, real divergence and slow growth? An investigation into the effects of changing macroeconomic policy institutions associated with monetary union," WSI Discussion Papers 107, Wirtschafts- und Sozialwissenschaftliches Institut (WSI), Hans-Böckler-Stiftung.
    7. L. Randall Wray, 2006. "Keynes's Approach To Money: An Assessment After 70 Years," Economics Working Paper Archive wp_438, Levy Economics Institute.
    8. Piet-Hein Van Eeghen, 2011. "Rethinking equilibrium conditions in macromonetary theory: A conceptually rigorous approach," Working Papers 255, Economic Research Southern Africa.
    9. Lee, Frederic, 2011. "Heterodox surplus approach: production, prices, and value theory," MPRA Paper 31824, University Library of Munich, Germany.
    10. Sell, Friedrich L., 1999. "Die EWWU als Club: Positive und normative Implikationen für den Beitritt mittel- und osteuropäischer Reformstaaten ; Beitrag für den Projektbericht: Währungspolitische Optionen für die mittel- un," Working Papers in Economics 1999,4, Universität der Bundeswehr München, Economic Research Group.
    11. Mathew Forstater, 1999. "Introduction to Symposium on the European Economic and Monetary Union," Eastern Economic Journal, Eastern Economic Association, vol. 25(1), pages 31-34, Winter.
    12. C. Sardoni & L. Randall Wray, 2007. "Fixed and Flexible Exchange Rates and Currency Sovereignty," Economics Working Paper Archive wp_489, Levy Economics Institute.
    13. Michael D. Bordo & Lars Jonung, 1999. "The Future of EMU: What Does the History of Monetary Unions Tell Us?," NBER Working Papers 7365, National Bureau of Economic Research, Inc.

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