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to the theory literature by characterizing a new circulation regime where agents use the foreign currency solely for …
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damage macroeconomic management but are excluded by expected utility theory wherein utilities attach only to the segment of … use models within SKAT, the Stages of Knowledge Ahead Theory. …
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rate. The new model is within a broader theory that includes risk effectsnormally excluded, SKAT, the Stages of Knowledge … Ahead Theory. We use SKAT to analyse outliers inour experimental results, and indicate some new directions and foci for … ; IMF ; exchange rate regime ; exchange rate volatility ; experiment ; SKAT the Stages of Knowledge Ahead Theory ; monetary …
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Motivated by the growing acceptance of electronic cryptocurrencies such as Bitcoin, I examine in a controlled, experimental laboratory setting, the acceptance of a secondary currency when a primary currency already circulates in an economy. The underlying model is an indivisible...
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