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Dirty Money

Author

Listed:
  • Camera, G.

Abstract

An inter-governmental body is encouraging the replacement of currency with the objective of discouraging illegal economic activities. This policy is analyzed in a search-theoretic monetary economy with government enforcement. Individuals choose a legal or illegal production and settle trades via quid-pro-quo or monetary exchange.

Suggested Citation

  • Camera, G., 1999. "Dirty Money," Purdue University Economics Working Papers 1124, Purdue University, Department of Economics.
    • Handle: RePEc:pur:prukra:1124
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    File URL: https://business.purdue.edu/research/Working-papers-series/Year-1999/G.Camera11-1999.pdf
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    References listed on IDEAS

    as
    1. Edward J. Green & Warren E. Weber, 1996. "Will the new $100 bill decrease counterfeiting?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 20(Sum), pages 3-10.
    2. Li, Yiting & Wright, Randall, 1998. "Government Transaction Policy, Media of Exchange, and Prices," Journal of Economic Theory, Elsevier, vol. 81(2), pages 290-313, August.
    3. Kenneth Rogoff, 1998. "Blessing or curse? Foreign and underground demand for euro notes," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 13(26), pages 262-303.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Miquel Faig, 2001. "A search theory of money and commerce with Neoclassical production," Economics Working Papers 567, Department of Economics and Business, Universitat Pompeu Fabra.

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    More about this item

    Keywords

    MONEY ; LAW ; GAME THEORY;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General

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