Gomis-Porqueras, Pere; Peralta-Alva, Adrian - Federal Reserve Bank of St. Louis - 2008
that take
place in the decentralized market without violating information restrictions. Implementation of
our scal and …-
quiring too much information. Then it is important to note that our results can be extended to
a framework in which the only … required information is current money holdings before entering
the centralized market. The analysis of such a model is much …