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- W3124992952 abstract "The classical and early neoclassical economists knew that the essential function of money was its role as a medium of exchange; Recently, this idea has been formalized using search-theoretic noncooperative equilibrium models of the exchange process. The goal of this paper is to use a simple model of this class to analyze four substantive issues in monetary economics: the interaction between specialization and exchange, dual fiat currency regimes, the welfare improving role of money, and the susceptibility of monetary economies to extrinsic uncertainty." @default.
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- W3124992952 date "1990-10-01" @default.
- W3124992952 modified "2023-10-16" @default.
- W3124992952 title "Search for a Theory of Money" @default.
- W3124992952 doi "https://doi.org/10.3386/w3482" @default.
- W3124992952 hasPublicationYear "1990" @default.
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