Debt enforcement and the value of money

DOI10.1016/J.JET.2016.12.010MaRDI QIDQ508399zbMATH OpenOpenAlexFDO

Authors Mariana Rojas Breu

Publication date 10 February 2017

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

Full work available at URL https://doi.org/10.1016/j.jet.2016.12.010

zbMATH Keywords

inflationmoneydebt enforcement

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Special types of economic equilibria (91B52)

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Cites work

• Government transaction policy, media of exchange, and prices
• Imperfect recognizability and coexistence of money and higher-return assets
• Information, liquidity, asset prices, and monetary policy
• Limited commitment and the legal restrictions theory of the demand for money
• Money and dynamic credit arrangements with private information
• Money, credit and banking
• On the coexistence of money and higher-return assets and its social role
• Pairwise trade and coexistence of money and higher-return assets

Cited in

(5)

• Limited commitment and the legal restrictions theory of the demand for money
• Why fiat money is a safe asset
• Discussion of: ``Central bank digital currency and monetary policy
• On the coexistence of money and higher-return assets and its social role
• Sufficiency of an outside bank and a default penalty to support the value of fiat money: experimental evidence

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