What do we know about Currency Competition?

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Year: 1985

Publisher Name: Global Science Press

Language: Multiple languages

DOI: https://doi.org/10.3790/schm.105.5.565

Published online: 1985-05

AMS Subject Headings: Duncker & Humblot

Pages: 24

Hellwig, Martin F.

Section Title	Page	Action	Price
Martin F. Hellwig: What do we know about Currency Competition?	565
1. Inside versus Outside Money	566
2. Competition among Outside Monies	569
3. External Effects in Money Demand	572
4. The Supply of Outside Paper Money under Binding Precommitments	574
4.1 Private Monopoly	574
4.2 Actual Competition	577
4.3 Potential Competition	578
5. The Problem of Time Inconsistency	579
6. Competition among Inside Monies	583
6.1 Uncertainty and Product Heterogeneity	584
6.2 Moral Hazard and Bankruptcy	584
6.3 Moral Hazard and Time Inconsistency	586
Summary	587
Zusammenfassung	587
References	587

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