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Topic: Commodity money

Related Topics

Representative money

Commodity markets

Fiat money

Credit money

Commodity

The Experience Economy

Tertiary sector of industry

Product differentiation

Dictatorship

1944

Credit money

	Commodity money article - Commodity money money commodity representative money commodity markets financial - ... (Site not responding. Last check: 2007-10-20)
		Commodity money is to be distinguished from representative money which is a certificate or token which can be exchanged for the underlying commodity.
		In situations where the commodity is metal, typically gold or silver, a government mint will often coin money by placing a mark on the metal that serves as a guarantee of the weight and purity of the metal.
		Although commodity money is more convenient than barter, it can be inconvenient to use as a medium of exchange or a standard of deferred payment due to the transport and storage concerns.
	www.what-means.com /encyclopedia/Commodity_money (1204 words)

	Info and facts on 'Commodity money' (Site not responding. Last check: 2007-10-20)
		Commodity money refers to money (The most common medium of exchange; functions as legal tender) whose value comes from a commodity (Articles of commerce) out of which it is made.
		Commodity money is to be distinguished from representative money (additional info and facts about representative money) which is a certificate or token which can be exchanged for the underlying commodity.
		Finally, commodity money is undergoing a more direct revival thanks to theorists of green economics (additional info and facts about green economics), natural capitalism (additional info and facts about natural capitalism) and global resource banking, some of whom suggest a form of money based on ecological yield.
	www.absoluteastronomy.com /encyclopedia/c/co/commodity_money.htm (1125 words)

	Commodity money - Wikipedia, the free encyclopedia
		Commodity money is money whose value comes from a commodity out of which it is made.
		The role of a mint and of coin is different between commodity money and fiat money.
		Historically gold was by far the most widely recognized commodity out of which to make money: gold was compact, easy to work into more beautiful jewelry, had decorative and functional utility as a finely strung wire or thin foil leaf, and most importantly, could always be traded for other metals to make weapons with.
	en.wikipedia.org /wiki/commodity_money (1237 words)

	Commodity money (Site not responding. Last check: 2007-10-20)
		Commodity money is to be distinguished from representativemoney which is a certificate or token which can be exchanged for the underlying commodity.
		In situations where the commodity is metal, typically gold or silver, a government mint will often coin money by placing a mark on the metal that serves as a guarantee of the weight and purity ofthe metal.
		Finally, commodity money is undergoing a more direct revival thanks to theorists of green economics, natural capitalism and global resourcebanking, some of whom suggest a form of money based on ecological yield.
	www.therfcc.org /commodity-money-17662.html (1075 words)

	Commodity money
		Commodity money refers to money whose value comes from a commodity which underlies it.
		In situations where the commodity is metal, a government mint will often coin money by placing a mark on the metal that serves as a guarantee of the weight and purity of the metal.
		Commodity money often comes into being in situations where other forms of money are not available.
	www.ebroadcast.com.au /lookup/encyclopedia/co/Commodity_money.html (311 words)

	Knowledge King - Commodity money (Site not responding. Last check: 2007-10-20)
		It is not necessary for the commodity itself to have any intrinsic value although it is necessary that the commodity be somewhat scarce.
		Various commodities were used in pre-Revolutionary America including maize, iron nails, beaver pelts, and tobacco.
		Critics of this type of proposal often note that, as with other transitions from commodity to representative money, inadequate substitutes will be made on a "just trust me" basis - as per Gresham's Law which states that bad money dries out good.
	www.knowledgeking.net /encyclopedia/c/co/commodity_money.html (695 words)

	AllRefer.com - commodity market (Money, Banking, And Investment) - Encyclopedia
		Worldwide, there are 48 major commodity exchanges that trade over 96 commodities, ranging from wheat and cotton to silver and oil.
		Spot contracts, a less widely used form of trading, call for immediate delivery of a specified commodity and are often used to obtain the goods necessary to fulfill a futures contract.
		Trading of SandP 500 and other financial futures has broken down some of the barriers that once separated stock, bond, and commodity markets and made it easier for investors to hedge their stock investments.
	reference.allrefer.com /encyclopedia/C/commodit.html (440 words)

	Questions & Answer Summary About Money, Public Policy and Informational Issues
		Without money, which is in effect an intermediate good used for trading, it would become very difficult to have a division of labor, i.e., specialization, and everyone’s standard of living would suffer.
		Commodity money is in conformity with the Eighth Commandment: “Thou Shall Not Steal,” and Leviticus 19:35 and 36, which says that one should not falsify weights and measures.
		Commodity money is very savable because it doesn’t obsolesce or deteriorate and is difficult to counterfeit.
	www.uni-konstanz.de /FuF/wiwi/laufer/ComFiat.htm (3841 words)

	Commodity Money Syndrome (Site not responding. Last check: 2007-10-20)
		Because credit and credit money are so important in a modern society (1913), economists who aim to explain the kinds of changes that make up the subject matter of modern macroeconomics ought to pay far more attention to credit than to commodity money.
		Such "company money" was ordinarily produced in places or times when it was inconvenient or not customary to use gold or silver, when a bank or government had recently defrauded users of its paper money, or when laws made it difficult or costly for prospective money users to acquire the customary money.
		Viewed historically, the evolution of money and money forms is the consequence of a complex set of "self-interested" entrepreneurial activity under an evolving property system which, in the more advanced countries, has gradually changed from the primitive to more highly developed.
	www.gunning.cafeprogressive.com /subjecti/workpape/haymon.htm (9285 words)

	Commodity Money: Introduction
		Another well know commodity money was the beaver pelt, which traded in Virginia as well as in the Dutch colony of New Amsterdam (New York) and to a lesser extent in New England.
		Commodities were regularly used in smaller rural communities, while major centers reverted to "pay" in difficult times such as depression or war.
		The most widely used commodity money was Indian corn; dried corn could be kept for months and was versatile in that it could be used either as seed or animal feed for chickens, cows or horses or turned into corn meal.
	www.coins.nd.edu /ColCoin/ColCoinIntros/Commodity.intro.html (1642 words)

	Commodity Money Inflation: Theory and Evidence from France in 1350-1436 (Site not responding. Last check: 2007-10-20)
		This paper presents a theory of inflation in an economy with commodity money and supports it by evidence from the inflationary episodes in France during the fourteenth and fifteenth centuries.
		Unlike fiat money, at high rates of inflation the demand for commodity money becomes insensitive to inflation, since commodity money has intrinsic value in addition to transactions, and thus losses from inflation are bounded.
		Finally, we show that an anticipated stabilization reduces the demand for commodity money, which is opposite to the effect of an anticipated standard stabilization on the demand for fiat money.
	atar.mscc.huji.ac.il /~melchior/comodity.html (157 words)

	Could Non-redeemable Money have Evolved Naturally from Commodity Money under Free Banking? (SMEALSearch) - ... (Site not responding. Last check: 2007-10-20)
		this paper intends, that money could have evolved from a redeemable to a non-redeemable form without government control is not the same thing as advocating the replacement of existing institutional arrangements by purely market-derived alternatives.
		The proposition that government control is not essential for non-redeemable money implies only that there are plausible contractual and institutional alternatives to government.
		For our purposes, the recognition that private market alternatives were possible is significant in shifting debate away from what is viewed as essential to what might be best, to the comparative analysis of institutions and their relative efficiency.
	smealsearch.psu.edu /30785.html (142 words)

	Commodity Money
		The most common form of commodity money was dried indian corn, which was used to purchase the item depicted above and described below.
		Apparently, rather than use a single commodity, which may be overly abundant or in great demand at the future date, it was decided to use a variety of basic staples needed for daily life; food (corn and beef), clothes (wool) and shoes (sole leather).
		Thus, the soldier was insured the purchasing power of the amount of money designated on the certificate at the time the note was issued would remain stable during the wartime inflation.
	www.coins.nd.edu /ColCoin/ColCoinText/Commodity.html (725 words)

	Commodity Money (Site not responding. Last check: 2007-10-20)
		There was such a shortage of silver and gold coins that Roman quartermasters or questors sometimes paid their soldiers with salt.
		The idea that gold and silver are commodity money is a misconception as we will see later.
		The most important thing to note is that pure commodity money doesn't involve the creation of debt and money as we understand it.
	www.fiatmoney.net /commodity.html (216 words)

	Commodity Currency Exchange Ltd (Site not responding. Last check: 2007-10-20)
		are ltd commodities for consumers, foreign currency exchange and florida, extremely profitable commodity day trading...
		Commodity Trading Advisor monthly performance, trading stratigies, and disclosure documents.
		Commodity trading and futures trading by experienced commodity brokers.
	www.ecurrency-exchange.com /money/commodity-currency-exchange-ltd.htm (812 words)

	FX Power Course (Site not responding. Last check: 2007-10-20)
		Currency trading involves a high degree of risk and there are no guarantees that you will make money.
		This means the 10% of traders who are successful make money from the 90% who lose.
		While we cannot guarantee that you will make money, most course graduates have a greater understanding of trading and more confidence in their trading skills.
	www.fxpowercourse.com (859 words)

	Commodity Money is physical goods (particularly precious metals) that are used as the medium of exchange (Site not responding. Last check: 2007-10-20)
		Commodity Money is physical goods (particularly precious metals) that are used as the medium of exchange.
		This type of money was once used back in times long before the kind of money that we use now.
		There were problems with this system of money because people would cheat the real value of the coins.
	www.mnstate.edu /stutes/Dict/C/Commodity%20Money/commoditymoney.htm (163 words)

	How Much Is That in Real Money? A Historical Commodity Price Index for Use as a Deflator of Money Values in the Economy ...
		A Historical Commodity Price Index for Use as a Deflator of Money Values in the Economy of the United States.
		To convert prices in, say, Maryland and New York into common units requires exchange rates, which are provided in Appendix B. Appendix C does the same for paper money during and just after the Revolutionary War.
		Not being a member of this crowd, I can't really evaluate the issues but, for the rest of us, Appendices B and C certainly seem worth the $15.00 the publishers are asking for the book.
	www.eh.net /bookreviews/library/0445.shtml (1280 words)

	A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle
		To analyze these questions, we develop a model of commodity money with light and heavy coins, imperfect information, and prices determined via bilateral bargaining.
		"A model of commodity money, with applications to Gresham's law and the debasement puzzle," Staff Report 215, Federal Reserve Bank of Minneapolis.
		"A Model of Commodity Money, With Application to Gresham's Law and the Debasement Puzzle," CARESS Working Papres 97-7, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
	www.ideas.uqam.ca /ideas/data/Articles/redissuedv:2:y:1999:i:1:p:291-323.html (938 words)

	Does commodity money eliminate the indeterminacy of equilibria?
		Previous studies have shown that a random-matching model with divisible at money and without constraint on agents' money inventories possesses a continuum of stationary single-price equilibria.
		Wallace [7] conjectured that the indeterminacy can be eliminated by the use of commodity money, just as the elimination of the contin- uum of dynamic (non-stationary) equilibria in models such asoverlapping generation or infnite-horizon money-in-utility-function.
		In contrast, I and that in a similar random-matching model with dividend-yielding commodity money, a continuum of stationary single-price equilibria exists when the utility ofdividend is not too high.
	www.ideas.uqam.ca /ideas/data/Papers/fipfedhwpwp-99-15.html (237 words)

	A model of commodity money, with applications to Gresham's Law and the debasement puzzle
		A model of commodity money, with applications to Gresham's Law and the debasement puzzle
		We develop a model of commodity money and use it to analyze the following two questions motivated by issues in monetary history: What are the conditions under which Gresham's Law holds?
		"A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle," Review of Economic Dynamics, Academic Press for the Society for Economic Dynamics, vol.
	www.unites.uqam.ca /ideas/data/Papers/fipfedhmaWP-97-12.html (871 words)

	Commodity Hyip (Site not responding. Last check: 2007-10-20)
		those that provide for physical delivery of a particular commodity or item and those which call for a cash settlement...
		trading, whether it be the stock, commodity, futures, options or forex markets, is where...
		Political campaign spending is an underpriced commodity, it needs legislation to limit it...
	www.ecurrency-exchange.com /money/commodity-hyip.htm (487 words)

	A Model of Commodity Money, With Applications to Gresham's Law and the Debasement Puzzle (ResearchIndex) (Site not responding. Last check: 2007-10-20)
		A Model of Commodity Money, With Applications to Gresham's Law and the Debasement Puzzle (1997)
		Abstract: We develop a model of commodity money and use it to analyze the following two questions motivated by issues in monetary history: What are the conditions under which Gresham's Law holds?
		6 A Walrasian Theory of Money and Barter (context) - Abhijit, Eric et al.
	citeseer.ist.psu.edu /velde97model.html (607 words)

	Mikey's Methods to Money or Madness
		He stood out immediately, partly because of a sharp tongue that spared nobody and an outrageous sense of humor...you either hated him or loved him, he just wasn't a middle ground kinda guy.
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		This eBook is a step-by-step guide that will teach you how to most effectively use your broker to gain knowledge and grow as a trader.
	www.mikeysmethods.com (678 words)

	How to Make Money in Commodity Futures
		One of the most lucrative aspects of the financial world, trading commodities is also one of the most complex.
		With our commodities trading course, we break down the difficult nature of trading into easily understood guidelines.
		Start now with commodities trading and watch your account grow.
	www.emarketupdate.com /books/commodity_futures_ct.htm (117 words)

	OPE-L Dec 1997: [OPE-L:5789] Re: commodity money (Site not responding. Last check: 2007-10-20)
		Previous message: Massimo De Angelis: "[OPE-L:5788] Re: commodity money"
		For many commodities, value is directly or indirectly measured
		the means of payment is the dollar or some kind of money pegged to
	www.ecn.wfu.edu /~cottrell/ope/archive/9712/0010.html (416 words)

	Biblioteca de Valencia (Site not responding. Last check: 2007-10-20)
		The objective of this note is to analyze some implications of the model of commodity money described in Banerjee and Maskin (1996) which may seem paradoxical.
		First, the existence of technologies that make counterfeiting a commodity more difficult may exclude it from being used as medium of exchange.
		Second, allocative distortions due to problems of asymmetric information may become larger in the presence of such technologies.
	www.uv.es /bibsoc/GM/data/Papers/upfupfgen480.html (133 words)

	EconPapers: A model of commodity money, with applications to Gresham's law and the debasement puzzle (Site not responding. Last check: 2007-10-20)
		EconPapers: A model of commodity money, with applications to Gresham's law and the debasement puzzle
		Working Paper: A model of commodity money, with applications to Gresham's Law and the debasement puzzle (1997)
		Journal Article: A Model of Commodity Money, with Applications to Gresham's Law and the Debasement Puzzle
	econpapers.repec.org /paper/fipfedmsr/215.htm (314 words)

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