On the benefits of currency reform

DOI10.1016/J.JEDC.2019.04.001MaRDI QIDQ2416795zbMATH OpenOpenAlexWikidataFDO

Authors R. Vijay Krishna, Oksana Leukhina

Publication date 24 May 2019

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://s3.amazonaws.com/real.stlouisfed.org/wp/2018/2018-021.pdf

zbMATH Keywords

currency reformmonetary models

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A Continuous-Time Version of the Principal–Agent Problem
• Asset trading mechanisms and expansionary policy
• Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy
• Efficient allocations with hidden income and hidden storage
• Essential interest-bearing money
• scientific article; zbMATH DE number 49749 (Why is no real title available?)
• Implications of Efficient Risk Sharing without Commitment
• Money is memory
• On Efficient Distribution with Private Information
• On the coexistence of money and higher-return assets and its social role
• Optimal money creation in ``pure currency economies: a conjecture
• Societal benefits of illiquid bonds.
• The Optimal Degree of Discretion in Monetary Policy

Cited in

(4)

• Currency and Credit are Equivalent Mechanisms
• From monetary to nonmonetary mechanism design via artificial currencies
• Optimal money creation in ``pure currency economies: a conjecture
• Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy

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