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Private and Public Circulating Liabilities

Azariadis, Costas; Bullard, James; Smith, Bruce D. - In: Journal of Economic Theory 99 (2001) 1-2, pp. 59-116

Persistent link: https://www.econbiz.de/10005146290

Intermediaries and payments instruments

Bullard, James; Smith, Bruce D. - In: Journal of economic theory 109 (2003) 2, pp. 172-197

Persistent link: https://www.econbiz.de/10007656513

The value of inside and outside money

Bullard, James; Smith, Bruce D. - In: Journal of monetary economics 50 (2003) 2, pp. 389-418

Persistent link: https://www.econbiz.de/10007657547

Private and Public Circulating Liabilities

Azariadis, Costas; Bullard, James; Smith, Bruce D. - In: Journal of economic theory 99 (2001) 1, pp. 59-116

Persistent link: https://www.econbiz.de/10007669115

Intermediaries and payments instruments

Bullard, James; Smith, Bruce D. - In: Journal of Economic Theory 109 (2003) 2, pp. 172-197

Persistent link: https://www.econbiz.de/10005112352

Crisis in Competitive Versus Monopolistic Banking Systems

Smith, Bruce D. - 2003

We study a monetary, general equilibrium economy in which banks exist because they provide intertemporal insurance to risk-averse depositors. A ""banking crisis"" is defined as a case in which banks exhaust their reserve assets. Under different model specifications, the banking industry is...