A Game-Theoretic Analysis of the Coexistence and Competition Between Hard and Fiat Money

This article presents a game-theoretic model analyzing the strategic competition between hard and fiat money, involving a representative player and a consolidated bank (including the central bank). The findings reveal counterintuitive interactions between inflation, interest rates, and monetary poli...

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Bibliographic Details
Main Authors: Kjell Hausken, Guizhou Wang
Format: Article
Language:English
Published: MDPI AG 2025-03-01
Series:Economies
Subjects:
Online Access:https://www.mdpi.com/2227-7099/13/3/80
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