Coinage, debasements, and Gresham's laws

被引：0

作者：

Thomas J. Sargent

Bruce D. Smith

机构：

[1] Hoover Institution,

[2] Stanford,undefined

[3] CA 94305-6010,undefined

[4] and University of Chicago,undefined

[5] Chicago,undefined

[6] IL 60637,undefined

[7] USA,undefined

[8] Economics Department,undefined

[9] University of Texas,undefined

[10] Austin,undefined

[11] TX 78712-1173,undefined

[12] USA,undefined

来源：

Economic Theory | 1997年 / 10卷

关键词：

JEL Classification Numbers: E60.;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

This paper formulates a model of commodity money that circulates by tale, and applies it to a variety of situations, some of which seem to confirm, and others to contradict, `Gresham's Law'. We analyze how debasements could prompt decisions of citizens voluntarily to participate in recoinages that subjected them to seigniorage taxes.

引用

页码：197 / 226

页数：29

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