The paper "Is a Secondary Currency Essential? - On the Welfare Effects of a New Currency" by Max Fuchs and Jochen Michaelis appears in the Jahrbücher für Nationalökonomie und Statistik

The discussion paper "Is a Secondary Currency Essential?- On the Welfare Effects of a New Currency" by Max Fuchs and Jochen Michaelis has been accepted for publication in the Journal of Economics and Statistics. 

The discussion paper is available in the Joint Discussion Paper Series in Economics and examines the welfare effects of a second currency.