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On the local interaction of money and credit
| dc.contributor.author | Jin, Yi | |
| dc.contributor.author | Temzelides, Ted | |
| dc.date.accessioned | 2005-04-17T15:48:03Z | |
| dc.date.available | 2005-04-17T15:48:03Z | |
| dc.date.issued | 2004-01 | |
| dc.identifier.citation | Jin, Y; Temzelides, T. On the local interaction of money and credit. REVIEW OF ECONOMIC DYNAMICS. January 2004. 7(1):143-156 | |
| dc.identifier.other | ISI:000187625700006 | |
| dc.identifier.uri | http://hdl.handle.net/1808/297 | |
| dc.description.abstract | We study the coexistence of monetary and credit transactions in a model where exchange is decentralized. Agents belong to different locations which are informationally separated. The equilibrium mix of monetary and credit transactions is characterized as a function of the frequency of meetings among agents from different locations. Credit transactions take place only among a small set of "neighbors." Monetary trades emerge only if interactions with faraway locations are sufficiently frequent. Even in that case, trades among nearby locations remain non-monetized. (C) 2003 Elsevier Inc. All rights reserved. | |
| dc.format.extent | 224020 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en_US | |
| dc.publisher | ACADEMIC PRESS INC ELSEVIER SCIENCE | |
| dc.subject | Money and credit | |
| dc.subject | Local matching | |
| dc.title | On the local interaction of money and credit | |
| dc.type | Article | |
| kusw.kuauthor | Jin, Yi | |
| dc.identifier.doi | 10.1016/S1094-2025(03)00055-3 | |
| dc.rights.accessrights | openAccess |
