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02/24/2022

Discussion Paper "Is a secondary currency essential? - On the welfare effects of a new currency" by Max Fuchs and Jochen Michaelis

@Monetary Economics

The research paper "Is a secondary currency essential? - On the welfare effects of a new currency" by Max Fuchs and Jochen Michaelis is now available in the "MAGKS Joint Discussion Paper Series in Economics". 

In the paper they discuss the welfare effects of introducing an additional (digital) currency.