中文摘要：

相对于哈耶克的竞争性货币制度，拟竞争性货币制度是一种由单一主体发行的、具有多样性和不同单位构成的货币制度，所考察的1853—1905年间的多种货币并行的制度即是拟竞争性货币制度，而这段时期恰好也是通货膨胀史的一个片段。对这段时期内通货膨胀形成、程度以及危害进行分析，可以揭示出拟竞争性货币制度的运行机理。结果显示，拟竞争性货币制度必然导致通货膨胀，因此在这种制度下，货币体系不可能存在长期的均衡，因此也是脆弱的。

英文摘要：

Different form Hayek＇s competitive monetary institution, quasi -competitive monetary institution is one currency issued by a single central bank, and circulated with multifarious units. The monetary institution with many kinds of currency circulated from 1853 to 1905 was such an institution, in which inflation also happened in history. After analyzing the occurrence, extent and effect of the inflation, the author discovers the mechanism of quasi -competitive monetary institution. A main conclusion is also drawn, that the institution of quasi - competitive money inevitably results in inflation. Therefore, long equilibrium can not exist in this monetary system which is weak.