The Competitive Provision of Fiat Money

Staff Report 48 | Published May 1, 1980

Author

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John Bryant

The Competitive Provision of Fiat Money

Abstract

Herein, it is demonstrated that the competitive provision of fiat money is generically either inefficient or infeasible.

DOI: https://doi.org/10.21034/sr.48

Published in: Journal of Banking & Finance (Vol. 5, No. 4, December 1981, pp. 587-593), https://doi.org/10.1016/S0378-4266(81)80011-8.

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