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.
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页码：197 / 226
页数：29
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