Document Type
Discussion Paper
Publication Date
8-1-2011
CFDP Number
1814
CFDP Pages
48
Abstract
Three models of a monetary economy are considered, in order to show the effects of a gold demonetization: the first with a gold money, the second with demonetized gold but no central bank, and the third with demonetized gold, but with a central bank. The distinctions between ownership and control are discussed.
Recommended Citation
Quint, Thomas and Shubik, Martin, "The Demonetization of Gold: Transactions and the Change in Control" (2011). Cowles Foundation Discussion Papers. 2161.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2161