Abstract

http://ssrn.com/abstract=41726
 
 

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Two Concepts of Money, and the Future of Europe


Charles Goodhart


London School of Economics & Political Science (LSE) - Financial Markets Group

1997


Abstract:     
There has been a continuing debate between those who argue that the use of currency was based essentially on the power of the issuing authority - i.e. that currency becomes money primarily because the coins are struck with the insignia of majesty, and not so much because they happen to be made of gold, silver and copper, - and those who argue that the value of currency depends primarily, or solely, on the intrinsic value of the backing of that currency.

JEL Classification: E40, F31

working papers series





Not Available For Download

Date posted: June 15, 2003  

Suggested Citation

Goodhart, Charles, Two Concepts of Money, and the Future of Europe (1997). Available at SSRN: http://ssrn.com/abstract=41726

Contact Information

Charles A.E. Goodhart (Contact Author)
London School of Economics & Political Science (LSE) - Financial Markets Group ( email )
Houghton Street
London WC2A 2AE
United Kingdom
0207 955 7555 (Phone)
0207 242 1006 (Fax)
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