In an economic area, too few means of payment are available to ensure the smooth exchange of goods. – It is disputed whether such a situation can exist beyond a short period of time, mainly because in this case monetary surrogates will probably break up the bottleneck. – See makeshift bill, substitute money, substitute coins, money bomb, money depression, hyperinflation, emergency money, obsidional coins.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/