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Island Money

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On a small group of islands in the South Pacific, the people use a “money” so astonishing it often gets mentioned in classroom discussions on the subject. This Commentary takes a closer look at the stone money of Yap and asks what such an odd form of money can teach us about our own.

On a small group of islands in the South Pacific, the people use a “money” so astonishing it often gets mentioned in classroom discussions on the subject. This Commentary takes a closer look at the stone money of Yap and asks what such an odd form of money can teach us about our own.


Suggested citation: Bryan, Michael F., 2004. "Island Money," Federal Reserve Bank of Cleveland, Economic Commentary, 02.01.2004.

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