Information, learning, and the stability of fiat money

Journal of Monetary Economics

Volumn 53, Issue 7, 2006, Pages 1571-1591

  Araujo, Luis ^a,b   Camargo, Braz ^c  

^a MICHIGAN STATE UNIVERSITY   (United States)

^b Fucape   (Brazil)

^c UNIVERSITY OF WESTERN ONTARIO   (Canada)

Author keywords

Decentralized trade; Endogenous money; Learning; Monetary stability

Indexed keywords

EID: 33748998441     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2005.07.017     Document Type: Article

References (20)

1. Araujo, L., Camargo, B., 2005. Monetary equilibrium with decentralized trade and learning. Department of Economics Research Report #2005-1, The University of Western Ontario, 2005.
2. Banks J., and Sundaram R. Denumerable-armed bandits. Econometrica 60 (1992) 1071-1096
3. DeGroot M. Optimal Statistical Decisions (1970), McGraw-Hill, New York
4. Dutta P., Majumdar M., and Sundaram R. Parametric continuity in dynamic programming problems. Journal of Economic Dynamics and Control 18 (1994) 1069-1092
5. Easley D., and Kiefer N. Controlling a stochastic process with unknown parameters. Econometrica 56 (1988) 1045-1064
6. Friedman M., and Schwartz A. Has government any role in money?. Journal of Monetary Economics 17 (1986) 37-62
7. Galbraith J.K. Money, Whence It Came, Where It Went (1975), Houghton Mifflin Company, Boston
8. Katzman B., Kennan J., and Wallace N. Output and price level effects of monetary uncertainty in a matching model. Journal of Economic Theory 108 (2003) 217-255
9. King R. On the economics of private money. Journal of Monetary Economics 12 (1983) 127-158
10. Kiyotaki N., and Wright R. A search-theoretic approach to monetary economics. American Economic Review 83 (1993) 63-77
11. Kiyotaki N., and Wright R. On money as a medium of exchange. Journal of Political Economy 97 (1989) 927-954
12. Kolmogorov A.N., and Fomin S.V. Introductory Real Analysis (1970), Dover, New York
13. Norwood, B., 2003. On the emergence of money as a medium of exchange. Unpublished Manuscript.
14. Ritter J. The transition from barter to fiat-money. American Economic Review 85 (1995) 134-149
15. Shiryaev, A.N., 1996. Probability, second ed. Graduate Texts in Mathematics. Springer, New York.
16. Sik-Kim Y. Liquidity, prices, seigniorage, and the transition from barter to fiat money. Macroeconomic Dynamics 5 (2001)
17. Tullock G. Paper money-a cycle in Cathay. Economic History Review IX (1957) 393-407
18. Wallace N. Short-run and long-run effects of changes in money in a random matching model. Journal of Political Economy 105 (1997) 1293-1307
19. Wolinsky A. Information revelation in a market with pairwise meetings. Econometrica 58 (1990) 1-23
20. Yang L.-S. Money and Credit in China: A Short History (1952), Harvard University Press, Cambridge, MA