held, and of the amount held abroad. Most macroeconomic models that address the role of outside money as a determinant of …

circulation low quality subsidiary coins, and (iii) the numerous official resolutions banning the exporting of fractional money …

environment, I show that higher inflation induces some buyers to spend their money faster by frontloading their consumption …I study the effects of inflation on the purchasing behavior of buyers in an economy where money is essential for … increases, agents try to spend their money holdings speedily. The standard framework fails to capture this kind of effect (see …