@techreport{Weidenmier2003Putting,
abstract = {During the Civil War the Arkansas legislature funded their expenditures primarily through
interest-bearing warrants and war bonds. After these issues were made legal tender in November 1861,
the discount attributed to them disappeared immediately and they began to circulate widely. By mid-
1862 they appeared to be preferred to Confederate notes \textendash{} which were also made legal tender in
November 1861 but required military intervention to support their acceptance. The widespread
circulation and potential dominance of legal tender interest-bearing currency is consistent with legal
restrictions theory. Confederate notes supplanted the Arkansas issues only after the legislature suspended
interest payments in November 1862.},
author = {Marc D. Weidenmier and Richard C. K. Burdekin},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {N21; E42; 330; Legal restrictions; interest-bearing currency; civil war; Geldgeschichte; W\"{a}hrung; Finanzgeschichte; Arkansas},
language = {eng},
number = {03,04 [rev.]},
title = {Putting Legal Restrictions Theory to the Test: An Arkansan Experiment, 1861-1863},
type = {Working paper series / Claremont McKenna College},
url = {http://hdl.handle.net/10419/23379},
year = {2003}
}
