Risky storage and the value of money

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

This paper investigates the valuation of fiat money in a Wallacian overlapping generations economy with idiosyncratic storage risk. Unlike Wallace's own result, the value of money can be positive independent of the rate of population growth.

Original languageEnglish
Pages (from-to)73-77
Number of pages5
JournalEconomics Letters
Volume45
Issue number1
DOIs
Publication statusPublished - 1994 May
Externally publishedYes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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