The Demonetization of Gold: Transactions and the Change in Control
Three models of a monetary economy are considered, in order to show the effects of a gold demonetization: the first with a gold money, the second with demonetized gold but no central bank, and the third with demonetized gold, but with a central bank. The distinctions between ownership and control are discussed.
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- Martin Shubik, 2000.
"The Theory of Money,"
00-03-021, Santa Fe Institute.
- Dubey, Pradeep & Mas-Colell, Andreau & Shubik, Martin, 1980. "Efficiency properties of strategies market games: An axiomatic approach," Journal of Economic Theory, Elsevier, vol. 22(2), pages 339-362, April.
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- Thomas Quint & Martin Shubik, 2009. "Multistage Models of Monetary Exchange: An Elementary Discussion of Commodity Money, Fiat Money and Credit, Part 4," The IUP Journal of Monetary Economics, IUP Publications, vol. 0(1), pages 6-67, February.
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