Bignon, V.; Dutu, R. - Banque de France - 2014
commodity money system: coin assaying. To that goal we build a model of search and matching in which agents trade using coins …When money was made of gold and silver, individuals faced the problem of determining the intrinsic content of coins in … coins for a fee. We consider two sources of imperfect information: counterfeit coins and clipping. With counterfeits we show …