Janet Hua, Jiang; Mei, Dong - Volkswirtschaftliche Fakultät, … - 2008
We investigate whether money constitutes a perfect substitute for the missing record-keeping technology in a quasi … single money may or may not be su¢ cient to replace the record-keeping technology. We further show that two monies serve as a … perfect substitute for the record-keeping technology so that there is no need for a third money. …