Annaheim, Melanie; Strub, Carlo … - In: Essays in monetary theory : bank runs, inequality, and …, (pp. 13-52, 111-112). 2018
The first chapter studies a general equilibrium model of cash and bank deposits in a search framework of money. Buyers hold cash and deposit their savings in a bank account for liquidity insurance. Given that consumption goods are traded in anonymous meetings using cash, agents withdraw their...