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Gold, liquidity and secured loans in a multistage economy Part I: Gold as money

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References

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Author notes

  1. Martin Shubik

    Present address: Department of Economics, Yale University, Yale Station, P.O. Box 2125, 06520, New Haven, Connecticut, USA

  2. Shuntian Yao

    Present address: Department of Mathematics, Jinan University, 510630, Guangchou, P.R.C.

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    1. Martin Shubik
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    2. Shuntian Yao
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    This work relates to Department of the Navy Contract N00014-86-K0220 issued by the Office of Naval Research under Contract Authority NR 047-006. However, the content does not necessarily reflect the position or the policy of the Department of the Navy or the Government, and no official endorsement should be inferred. Revised with support of NSF contract SES-8812051.

    The United States Government has at least a royalty-free, non-exclusive and irrevocable license throughout the world for Government purposes to publish, translate, reproduce, deliver, perform, dispose of, and to authorize others so to do, all or any portion of this work.

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    Shubik, M., Yao, S. Gold, liquidity and secured loans in a multistage economy Part I: Gold as money. Zeitschr. f. Nationalökonomie 49, 245–277 (1989). https://doi.org/10.1007/BF01226944

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    • DOI: https://doi.org/10.1007/BF01226944

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