Limited commitment and the legal restrictions theory of the demand for money

DOI10.1016/J.JET.2013.12.008MaRDI QIDQ402073zbMATH OpenOpenAlexFDO

Authors Leo Ferraris, Fabrizio Mattesini

Publication date 27 August 2014

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2013.12.008

zbMATH Keywords

moneygovernment bondslegal restrictionsrate of return dominance

Mathematics Subject Classification ID

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

Recommendations

• Money and credit with limited commitment and theft
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• LIQUIDITY CONSTRAINTS IN A MONETARY ECONOMY*
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Cites work

• Banking: a new monetarist approach
• Pairwise trade and coexistence of money and higher-return assets

Cited in

(4)

• Stablecoins: legal restrictions theory and monetary policy
• Money and credit with limited commitment and theft
• Debt enforcement and the value of money
• Competitively-issued convertible bank notes in a theory of finance: Earl Thompson meets Fischer Black

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