The Pure Theory of Commodity Money

M. L. Burstein

Chapter 4 in Modern Monetary Theory, 1986, pp 45-57 from Palgrave Macmillan

Abstract: Abstract Properties of systems of zero-order-homogeneous excess-demand functions are explored, and then contrasted with the non-homogeneous functions intrinsic to a commodity-money régime. And stock-flow analysis is studied in some depth.

Keywords: Excess Supply; Uniform Price; Pure Theory; Money Stock; Convenience Yield (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18070-7_4

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DOI: 10.1007/978-1-349-18070-7_4

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