Enough Commodity Money and the Selection of a Unique Competitive Equilibrium
Suppose that we reformulate the exchange economy as a strategic market game. As all purchases are paid for in cash it is possible to attach precise meaning to what is meant by enough money. As the game is a single simultaneous bid and oﬀered at m trading posts and m prices are all simultaneously determined, in essence the trading technology is completely speciﬁed.
Shubik, Martin, "Enough Commodity Money and the Selection of a Unique Competitive Equilibrium" (1986). Cowles Foundation Discussion Papers. 1047.