The existence and importance of secondary media of exchange (close substitutes for money) can be considered a proxy for the quality of money, says Kristoffer Mousten Hansen.
Kristoffer Mousten Hansen
Kristoffer Mousten Hansen is a Mises Institute Fellow and research assistant at the Institute for Economic Policy at Leipzig University. He specializes in monetary policy with published articles in the Quarterly Journal of Austrian Economics. Kristoffer received his PhD from the University of Angers and is a former Mises Institute summer research fellow.