Why Do Different Countries Use Different Currencies?

Why Do Different Countries Use Different Currencies?
During long periods of history, countries have pegged their currencies to an international standard (such as gold or the U.S. dollar), severely restricting their ability to create money and affect output, prices, or government revenue. Nevertheless, countries generally have maintained their own currencies. The paper presents a model where agents... READ MORE...

Publication date: February 1998
ISBN 9781451923087
$15.00

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