The Competitive Creation of Money: State-defined Currency and Free Issue of Banknotes

Engels, Wolfram

doi:10.3790/schm.105.5.589

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Engels, W. The Competitive Creation of Money: State-defined Currency and Free Issue of Banknotes. Journal of Contextual Economics – Schmollers Jahrbuch, 105(5), 589-601. https://doi.org/10.3790/schm.105.5.589

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The Competitive Creation of Money: State-defined Currency and Free Issue of Banknotes

Engels, Wolfram

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 105 (1985), Iss. 5 : pp. 589–601

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Publisher Name: Duncker & Humblot
DOI: https://doi.org/10.3790/schm.105.5.589
Language: Multiple languages
Pages: 13

Engels, Wolfram

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Section Title	Page	Action	Price
Wolfram Engels: The Competitive Creation of Money:\rState-defined Currency and Free Issue of Banknotes	589
1. Competition in the Production of Money	589
1.1. Competing Currencies	589
1.2. Competitiveness of Currencies	591
1.2.1. Security	592
1.2.2. Profitability	594
1.3. The Institutional Framework of an Optimal Money	594
2. Economic Consequences	597
2.1. Risk Mechanics and Allocation	597
2.2. Systematic Risk and Business Cycles	598
3. The World and the Image of the World	599
Summary	600
Zusammenfassung	600
References	601

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The Competitive Creation of Money: State-defined Currency and Free Issue of Banknotes

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