| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14657 |
| DP14657 The fiscal arithmetic of a dual currency regime | |
| Francesco Lippi | |
| 发表日期 | 2020-04-24 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | There are several real world examples of local governments that, faced with budget problems, circulate a fiat token in parallel to the official currency. A well known case is the Argentinian “Patacon”, printed by the province of Buenos Aires during the crisis of 2001. We present a simple model to analyze the workings of monetary equilibria where the parallel currency is valued in equilibrium and discuss its consequence for real allocations in terms of an equivalent fiscal policy. We briefly discuss different model specifications and their fit to alternative historic experiences. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Parallelcurrency Dual currency Monetary economy Pure currency Scrip Chartalism |
| URL | https://cepr.org/publications/dp14657 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543571 |
| 推荐引用方式 GB/T 7714 | Francesco Lippi. DP14657 The fiscal arithmetic of a dual currency regime. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Francesco Lippi]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Francesco Lippi]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Francesco Lippi]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
