Indirect Convertibility and Quasi-Futures Contracts: Two Non-Operational Schemes for Automatic Stabilisation of the Price Level?
The paper examines two proposals for automatic stabilization of the price level based on indirect convertibility and something called a 'quasi-futures contacts'. These two schemes represent attempts to rendre operational ideas implicit in the Black (1970) Fama (1980) and Hall (1982) vision of the monetary system.
|Date of creation:||1998|
|Date of revision:|
|Contact details of provider:|| Postal: Adelaide SA 5005|
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- Tyler Cowen & Randall S. Kroszner, 1994. "The new monetary economics," Chapters, in: The Elgar Companion to Austrian Economics, chapter 86 Edward Elgar Publishing.
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