BookInside-outside money competition
Personal name
Main title
- Inside-outside money competition [electronic resource] / Pedro Teles, Ramon Marimon, Juan Pablo Nicolini.
Published/Created
- [Chicago, Ill.] : Federal Reserve Bank of Chicago, [2003]
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LCCN Permalink
LC classification
- HG2401
Related names
Abstract
- "We study how competition from privately supplied currency substitutes affects monetary equilibria. Whenever currency is inefficiently provided, inside money competition plays a disciplinary role by providing an upper bound on equilibrium inflation rates. Furthermore, if Furthermore, if 'inside monies' can be produced at a sufficiently low cost, outside money is driven out of circulation. Whenever a 'benevolent' government can commit to its fiscal policy, sequential monetary policy is efficient and inside money competition plays no role"--Federal Reserve Bank of Chicago web site.
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Notes
- Title from PDF file as viewed on 10/4/2004.
- Includes bibliographical references.
Computer file info
- System requirements: Adobe Acrobat Reader.
- Mode of access: World Wide Web.
Additional formats
- Also available in print.
Series
- Working paper series ; WP-2003-09
- Working paper series (Federal Reserve Bank of Chicago. Research Department : Online) ; WP-2003-09.
LCCN
- 2004620143
Type of material
- Book
Item Availability
CALL NUMBER
- Electronic resource
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- Online
Status
- Not Charged