Title

The Demonetization of Gold: Transactions and the Change in Control

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.

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