The Coexistence of Commodity Money and Fiat Money

12 Pages Posted: 5 Oct 2011

See all articles by Olivier Ledoit

Olivier Ledoit

University of Zurich - Department of Economics

Sébastien Lotz

CNRS-University of Paris 2

Date Written: August 31, 2011

Abstract

In reaction to the monetary turmoil created by the financial crisis of September 2008, both legislative and constitutional reforms have been proposed in different Countries to introduce Commodity Money alongside existing National Fiat Currency. A thorough evaluation of the Economic consequences of these new proposals is warranted. This paper surveys some of the existing knowledge in Monetary and Financial Economics for the purpose of answering the significant Economic questions raised by these new political initiatives.

Keywords: Currency competition, commodity money, fiat money, gold, safe haven, search models

JEL Classification: E42, E52

Suggested Citation

Ledoit, Olivier and Lotz, Sébastien, The Coexistence of Commodity Money and Fiat Money (August 31, 2011). Available at SSRN: https://ssrn.com/abstract=1939036 or http://dx.doi.org/10.2139/ssrn.1939036

Olivier Ledoit (Contact Author)

University of Zurich - Department of Economics ( email )

Wilfriedstrasse 6
Zürich, 8032
Switzerland

Sébastien Lotz

CNRS-University of Paris 2 ( email )

France

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