苏珊·B·安东尼美元与硬币/纸币替代理论

The Susan B. Anthony Dollar and the Theory of Coin/Note Substitutions

Journal of Money, Credit and Banking · 1994
被引 48
人大 A-ABS 4

中文导读

分析政府用硬币替代流通纸币的尝试,指出由于货币体系的网络外部性,即使硬币替代有利于经济,政府也不能简单推出新硬币并期望其流通,可能需要强制收回竞争纸币才能成功。

Abstract

This paper analyzes governments' attempts to replace circulating notes with coins. It argues that because of network externalities in currency systems, a government cannot simply offer a new coin, such as the Susan B. Anthony dollar, to the public and expect it to circulate, even when the coin/note substitution would benefit the economy. For such a substitution to succeed, a government may need to force the adoption of the coin by withdrawing the competing bill from circulation. Copyright 1994 by Ohio State University Press.

硬币纸币替代网络外部性强制流通苏珊·安东尼美元