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    • A coordination approach to the essentiality of money 

      Araujo, Luis Fernando Oliveira de; Guimarães, Bernardo de Vasconcellos
      2015-03-16
      The essentiality of money is commonly justi ed on e¢ ciency grounds. In this paper, we propose an alternative view on the essentiality of money. We consider an economy with llimited monitoring where agents have to coordinate ...