Showing 1 - 10 of 18
Persistent link: https://www.econbiz.de/10003850534
Persistent link: https://www.econbiz.de/10003879114
Persistent link: https://www.econbiz.de/10003879120
Persistent link: https://www.econbiz.de/10008697462
Persistent link: https://www.econbiz.de/10009010491
Persistent link: https://www.econbiz.de/10009380036
We study the use of asset-backed money in a neoclassical growth model with illiquid capital. A mechanism is delegated control of productive capi- tal and issues claims against the revenue it earns. These claims constitute a form of asset-backed money. The mechanism determines (i) the number of...
Persistent link: https://www.econbiz.de/10011287031
Persistent link: https://www.econbiz.de/10009412712
Persistent link: https://www.econbiz.de/10010258385
Persistent link: https://www.econbiz.de/10002542673