IDEAS home Printed from https://ideas.repec.org/a/oup/oxecpp/v51y1999i3p476-86.html
   My bibliography  Save this article

Interest-Bearing Currency

Author

Listed:
  • Whittaker, John

Abstract

This paper analyzes proposals to pay interest to holders of currency. It is argued that, if this is achieved by introducing a new currency which appreciates relative to the existing currency, then this new currency will not be a convenient transactions medium unless it takes over from the old currency as the unit of account. But, if this occurs, it will defeat the purpose of the scheme because the interest is relative to the old unit of account and the new currency will no longer be interest-bearing. Copyright 1999 by Royal Economic Society.

Suggested Citation

  • Whittaker, John, 1999. "Interest-Bearing Currency," Oxford Economic Papers, Oxford University Press, vol. 51(3), pages 476-486, July.
  • Handle: RePEc:oup:oxecpp:v:51:y:1999:i:3:p:476-86
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:51:y:1999:i:3:p:476-86. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.