The Competitive Creation of Money: State-defined Currency and Free Issue of Banknotes

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Year: 1985

Publisher Name: Global Science Press

Language: Multiple languages

DOI: https://doi.org/10.3790/schm.105.5.589

Published online: 1985-05

AMS Subject Headings: Duncker & Humblot

Pages: 13

Engels, Wolfram

Section Title	Page	Action	Price
Wolfram Engels: The Competitive Creation of Money:\rState-defined Currency and Free Issue of Banknotes	589
1. Competition in the Production of Money	589
1.1. Competing Currencies	589
1.2. Competitiveness of Currencies	591
1.2.1. Security	592
1.2.2. Profitability	594
1.3. The Institutional Framework of an Optimal Money	594
2. Economic Consequences	597
2.1. Risk Mechanics and Allocation	597
2.2. Systematic Risk and Business Cycles	598
3. The World and the Image of the World	599
Summary	600
Zusammenfassung	600
References	601

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