functions of money. So-called stable coins are intended to bridge this gap, but whether they can be successfully scaled up and …

the purchasing power of money was fixed by indexing it to a basket of commodities. We show that movements in the price of … between paper and silver bonds suggests that a simple "silver rule" could have sufficed to fix the purchasing power of money …

transactions. Congress hoped this currency would be held for post-war redemption and would not circulate as money during the war …

, and money supply shocks using a structural panel vector autoregression. We then use historical decompositions to … nineteenth century reflected both positive aggregate supply shocks and negative money supply shocks. However, the negative money …

nation's monetary structure. They included determining what monies could be legal tender, who could emit fiat paper money …

The transition of the U.S. money supply from the mixture of paper bills of credit, certificates, and foreign coins that … intermediation of capital. It describes how the struggle of the colonies to maintain viable substitutes for hard money set the stage … recently-constructed estimates of the U.S. money stock for 1790-1820 and relates them to measures of the nation's early …