The Demonetization of Gold: Transactions and the Change in Control
University of Nevada-Reno, Department of Mathematics
Yale University - School of Management; Yale University - Cowles Foundation
August 1, 2011
Cowles Foundation Discussion Paper No. 1814
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, E58working papers series
Date posted: August 1, 2011
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