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