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Open Access Publications from the University of California

Essays on Money and Financial Institutions in the History of Economic Thought, USA History, and Theory

  • Author(s): Komai, Alejandro Toyofusa
  • Advisor(s): Richardson, Gary
  • Rocheteau, Guillaume
  • et al.
Creative Commons 'BY-SA' version 4.0 license

I study the institution of money. I provide a history of the real bills doctrine in its various

forms through debates with the quantity theory of money. I provide a brief history of

financial regulation in the USA. I use a monetary history of the USA to motivate a search

and matching model of transition from commodity money to fiat. I provide a theoretical

underpinning to the fact that monetary history is a history of commodity money. I extend

my model to consider convertible money, oligarchy, two currencies, money and credit, and

Aztec money.

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