There are two general ways in which the role of fiat money has been introduced in the standard monetary search-theoretical model. The first is to bring in the model a fiat object with different intrinsic properties. The second is to introduce a centralized institution that favors the use of fiat...

The aim of this paper is to theoretically analyse the issues concerning the introduction of alternative moneys. A brief performance evaluation of the current monetary system, as well as two alternatives, namely gold and a private currency, i.e. the Swiss WIR, is followed by a historical look at...

The age of paper dollars and metal coins is coming to a close. In The End of Money, David Wolman introduces the people, technologies, and trends powering this shakeup, taking us to hotspots of the cashless revolution. He zooms from the cash-strapped slums of Delhi, to the tech-obsessed streets...