Coinage, debasements, and Gresham's laws

B-Tier
Journal: Economic Theory
Year: 1997
Volume: 10
Issue: 2
Pages: 197-226

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper formulates a model of commodity money that circulates by tale, and applies it to a variety of situations, some of which seem to confirm, and others to contradict, `Gresham's Law'. We analyze how debasements could prompt decisions of citizens voluntarily to participate in recoinages that subjected them to seigniorage taxes.

Technical Details

RePEc Handle
repec:spr:joecth:v:10:y:1997:i:2:p:197-226
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29