Definition of Fiat Money

Definition: Fiat money is money that is intrinsically useless; is used only as a medium of exchange.

Terms related to Fiat Money:

• Money
• The M1 Money Supply
• Money-in-the-Utility-Function

About.Com Resources on Fiat Money:

• What Was The Gold Standard?
• Why does money have value?
• How much is the per capita money supply in the U.S.?

Writing a Term Paper? Here are a few starting points for research on Fiat Money:

Books on Fiat Money:

• Fiat Money Inflation in France
• Fiat money: A review of the decisions of the United States Supreme court as to its constitutionality
• A model of fiat money and barter

Journal Articles on Fiat Money:

• A Divisible Search Model of Fiat Money
• The optimal bankruptcy rule in a trading economy using fiat money
• The Transition from Barter to Fiat Money