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International Finance: A World of Many Moneys

In: Macroeconomics

Author

Listed:
  • Peter Dorman

    (The Evergreen State College)

Abstract

In ancient times people were sometimes buried with goods that might be useful in the next world: a hunting knife, a wine flask, small sculptures of deities. In addition, the grave of someone of wealth might contain a pouch of coins. Suppose you were living back then with a mind that sometimes wandered to economic topics. One question that might occur to you is, what kind of money is used in the afterlife—assuming money is used at all. (The next world might be a utopia in which everyone has everything he or she needs and there is no thought of paying for it.) If the world toward which the dead are headed has its own currency, how will the dead exchange their own coins for it? And how much will those coins be worth?

Suggested Citation

  • Peter Dorman, 2014. "International Finance: A World of Many Moneys," Springer Texts in Business and Economics, in: Macroeconomics, edition 127, chapter 8, pages 167-198, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-37441-8_8
    DOI: 10.1007/978-3-642-37441-8_8
    as

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