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Common Currency versus Currency Union: The U.S. Continental Dollar and Denominational Structure, 1775-1776

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NBER2015-11-01 更新2025-01-04 收录
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I use denominational structure (the spacing and size of monetary units) to explain how the Continental Congress attempted to manage a successful common currency when sub-national political entities were allowed to have separate currencies and run independent monetary policies. Congress created a

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2015-11-01
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