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The competitive provision of fiat money

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Author Info
John Bryant
Abstract

Herein, it is demonstrated that the competitive provision of fiat money is generically either inefficient or infeasible.

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File URL: http://minneapolisfed.org/research/sr/sr48.pdf
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Paper provided by Federal Reserve Bank of Minneapolis in its series Staff Report with number 48.

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Date of creation: 1980
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Handle: RePEc:fip:fedmsr:48

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  1. Bryant, John & Wallace, Neil, 1980. "Open-Market Operations in a Model of Regulated, Insured Intermediaries," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 146-73, February. [Downloadable!] (restricted)
  2. Bryant, John & Wallace, Neil, 1979. "The Inefficiency of Interest-bearing National Debt," Journal of Political Economy, University of Chicago Press, vol. 87(2), pages 365-81, April. [Downloadable!] (restricted)
  3. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66, pages 467. [Downloadable!] (restricted)
  4. Klein, Benjamin, 1974. "The Competitive Supply of Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(4), pages 423-53, November. [Downloadable!] (restricted)
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This page was last updated on 2009-12-9.

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