Download This PaperThe Demonetization of Gold: Transactions and the Change in Control
49 Pages Posted: 1 Aug 2011
Date Written: August 1, 2011
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.
Keywords: Gold demonetization, Gold backed paper, Reserves
JEL Classification: C72, E50, E58
Suggested Citation: Suggested Citation
Quint, Thomas and Shubik, Martin, The Demonetization of Gold: Transactions and the Change in Control (August 1, 2011). Cowles Foundation Discussion Paper No. 1814, Available at SSRN: https://ssrn.com/abstract=1899595 or http://dx.doi.org/10.2139/ssrn.1899595
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