A Model Of Fiat Money And Barter PDF Download
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Author | : Fumio Hayashi |
Publisher | : |
Total Pages | : 44 |
Release | : 1994 |
Genre | : Barter |
ISBN | : |
Download A Model of Fiat Money and Barter Book in PDF, ePub and Kindle
We present an infinite horizon model with capital in which fiat money and barter are two competing means of payment. Fiat money has value because barter is limited by the extent of a double coincidence of wants. The pattern of exchange generally involves both money and barter. We find that the Chicago rule is sufficient for Pareto efficiency, while nominal interest smoothing is necessary. For a specific utility function we provide a complete characterization of the patterns of exchange and calculate the range of inflation rates over which a stationary monetary equilibrium exists.
Author | : Fumio Hayashi |
Publisher | : |
Total Pages | : 54 |
Release | : 1992 |
Genre | : Equilibrium (Economics) |
ISBN | : |
Download Fiat Money, Barter, and Optimal Monetary Policy with Capital Book in PDF, ePub and Kindle
Author | : Joseph A. Ritter |
Publisher | : |
Total Pages | : 30 |
Release | : 1994 |
Genre | : Equilibrium (Economics) |
ISBN | : |
Download The Transition from Barter to Fiat Money Book in PDF, ePub and Kindle
Author | : Daniel J. Kovenock |
Publisher | : |
Total Pages | : 38 |
Release | : 1995 |
Genre | : Currency question |
ISBN | : |
Download Fiat Exchange in Finite Economies Book in PDF, ePub and Kindle
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Author | : Irasema Alonso |
Publisher | : |
Total Pages | : 196 |
Release | : 1993 |
Genre | : |
ISBN | : |
Download Patterns of Exchange and the Role of Fiat Money and Two Essays on Banking Theory Book in PDF, ePub and Kindle
Author | : Pradeep Dubey |
Publisher | : |
Total Pages | : 54 |
Release | : 2000 |
Genre | : |
ISBN | : |
Download Inside and Outside Fiat Money, Gains to Trade, and IS-LM Book in PDF, ePub and Kindle
Author | : Yasuo Maeda |
Publisher | : |
Total Pages | : 30 |
Release | : 1989 |
Genre | : Money |
ISBN | : |
Download Fiat Money in a Pairwise-trading, Multi-good, Overlapping Generations Model Book in PDF, ePub and Kindle
Author | : Bruce Champ |
Publisher | : New York ; Toronto : J. Wiley |
Total Pages | : 284 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : |
Download Modeling Monetary Economies Book in PDF, ePub and Kindle
Organized into three sections of increasing complexity. Part One examines money in isolation--demand for fiat money, a comparison of fiat and commodity monies, inflation and exchange rate. The second section adds capital to study money's interaction with other assets and banking. Lastly, it looks at money's effect on saving, investment and output through its effect on nonmonetary government debt.
Author | : Merwan Engineer |
Publisher | : |
Total Pages | : 64 |
Release | : 1994 |
Genre | : |
ISBN | : |
Download Bargaining-induced Transaction Demand for Fiat Money Book in PDF, ePub and Kindle
Author | : Bruce Champ |
Publisher | : Cambridge University Press |
Total Pages | : 364 |
Release | : 2001-01-15 |
Genre | : Business & Economics |
ISBN | : 9780521789745 |
Download Modeling Monetary Economies Book in PDF, ePub and Kindle
This upper-level undergraduate textbook, now in its second editon, approaches monetary economics using the classical paradigm of rational agents in a market setting. Too often monetary economics has been taught as a collection of facts about existing institutions for students to memorize. By teaching from first principles, the authors aim to instruct students not only in existing monetary policies and institutions but also in what policies and institutions may or should exist in the future. The text builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. The authors have added in this second edition new material on speculative attacks on currencies, social security, currency boards, central banking alternatives, the payments system, and the Lucas model of price surprises. Discussions of many topics have been extended, presentations of data greatly expanded, and new exercises added.