Abstract

  


 



The Demonetization of Gold: Transactions and the Change in Control


Thomas Quint


University of Nevada-Reno, Department of Mathematics

Martin Shubik


Yale University - School of Management; Yale University - Cowles Foundation
August 1, 2011

Cowles Foundation Discussion Paper No. 1814

Abstract:     
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.

Number of Pages in PDF File: 49

Keywords: Gold demonetization, Gold backed paper, Reserves

JEL Classification: C72, E50, E58

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Date posted: August 1, 2011  

Suggested Citation

Quint, Thomas and Shubik, Martin, The Demonetization of Gold: Transactions and the Change in Control (August 1, 2011). Cowles Foundation Discussion Paper No. 1814. Available at SSRN: http://ssrn.com/abstract=1899595 or http://dx.doi.org/10.2139/ssrn.1899595

Contact Information

Thomas Quint
University of Nevada-Reno, Department of Mathematics ( email )
1664 North Virginia
Reno, NV 89557
United States
775-784-1366 (Phone)
775-784-6378 (Fax)
Martin Shubik (Contact Author)
Yale University - School of Management ( email )
Box 208200
New Haven, CT 06520-8200
United States
Yale University - Cowles Foundation ( email )
Box 208281
New Haven, CT 06520-8281
United States
203-432-3694 (Phone)
203-432-6167 (Fax)
HOME PAGE: http://cowles.econ.yale.edu/P/au/d_shubik.htm
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