2015
DOI: 10.1007/s10551-015-2611-7
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In Which Context is the Option Clause Desirable?

Abstract: ACL-2International audienceThe option clause is a contractual device from free banking experiences meant to prevent banknote redemption duels. It has been used within the Diamond and Dybvig (J Pol Econ 91: 401–419, 1983) frame

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