Risky storage and the value of money

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


This paper investigates the valuation of fiat money in a Wallacian overlapping generations economy with idiosyncratic storage risk. Unlike Wallace's own result, the value of money can be positive independent of the rate of population growth.

Original languageEnglish
Pages (from-to)73-77
Number of pages5
JournalEconomics Letters
Issue number1
Publication statusPublished - 1994 May


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