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Dirty Money

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  • Camera, G.
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    Abstract

    An inter-governmental body is encouraging the replacement of currency with the objective of discouraging illegal economic activities. This policy is analyzed in a search-theoretic monetary economy with government enforcement. Individuals choose a legal or illegal production and settle trades via quid-pro-quo or monetary exchange.

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    File URL: http://www.krannert.purdue.edu/programs/phd/Working-paper-series/Year-1999/G.Camera11-1999.pdf
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    Bibliographic Info

    Paper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1124.

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    Length: 39 pages
    Date of creation: Nov 1999
    Date of revision:
    Handle: RePEc:pur:prukra:1124

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    Related research

    Keywords: MONEY ; LAW ; GAME THEORY;

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    References

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    1. Edward J. Green & Warren E. Weber, 1996. "Will the new $100 bill decrease counterfeiting?," Working Papers 571, Federal Reserve Bank of Minneapolis.
    2. Li, Yiting & Wright, Randall, 1998. "Government Transaction Policy, Media of Exchange, and Prices," Journal of Economic Theory, Elsevier, vol. 81(2), pages 290-313, August.
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    Cited by:
    1. Miquel Faig, 2001. "A search theory of money and commerce with Neoclassical production," Economics Working Papers 567, Department of Economics and Business, Universitat Pompeu Fabra.

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