摘要
与黄金脱钩的无内在价值的货币(fiat money)为什么会有价值,如何将一般宏观分析中所用的货币模型与微观的价值理论相统一,这对解决货币理论中的诸多问题都大有裨益。本文以两类交易成本——与货币存货有关的成本和与货币制度有关的交易成本——为主线,分析了货币价值理论的发展和进一步研究的方向。
Why does fiat money have value? How to integrate the macro - money demand function into the Arrow -Debrus "theory of value"? As suggested by many monetary economists, transaction costs are the root of value of money. In this article, I break all the transaction costs into two kinds: one linked with the inventory of money and the other with the institutional framework of the monetary exchange. Many models or ideals are reviewed and some prospects are given.
出处
《金融研究》
CSSCI
北大核心
2006年第9期179-190,共12页
Journal of Financial Research
关键词
货币存货价值理论交易成本
inventory of money
theory of value
transaction costs
