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O valor da moeda e a teoria dos pre?os dos ativos

DOI: 10.1590/S0034-71402005000200005

Keywords: pre?o da moeda, bolhas x fundamentos, indetermina??o do nível de pre?os, quantidade ótima de moeda, hiperinfla??o, substitui??o de moeda.

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Abstract:

the price of money, as the price of any financial asset, can be determined through asset pricing theory. based on this approach, this paper presents a concise survey of the following topics of monetary theory: i) price of money: bubbles versus fundamentals; ii) multiple equilibria; iii) price level indeterminacy; iv) optimum quantity of money; v) hyperinflation; vi) currency substitution, and vii) price of money rigidity.

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