Narrow search
Showing 1 - 10 of 16,123
Cover Image
The Appearance of Carriers and the Origins of Money
Jose Noguera S. - EconWPA - 2001
emergence of a monetary economy out of a redistribution barter system where goods are sent to a central market and then … redistributed among individuals. We show that, as the population increases beyond a certain point, the barter exchange system … specialized merchant, the carrier, appears and causes frictions among traders leading to the appearance of money. There are …
Persistent link: https://www.econbiz.de/10005561199
Cover Image
The Appearance of Carriers and the Origins of Money
Noguera, Jose - Center for Economic Research and Graduate Education and … - 2001
barter economy in which there is not an absence of double coincidence of wants problem. For this purpose, we develop a …
Persistent link: https://www.econbiz.de/10005178136
Cover Image
The Appearance of Carriers and the Origins of Money
Noguera, José de J. - 2001
emergence of a monetary economy out of a redistribution barter system where goods are sent to a central market and then … redistributed among individuals. We show that, as the population increases beyond a certain point, the barter exchange system … specialized merchant, the carrier, appears and causes frictions among traders leading to the appearance of money. There are …
Persistent link: https://www.econbiz.de/10014133814
Cover Image
Money and payments: a modern perspective
Holthausen, Cornelia; Monnet, Cyril - 2003
The role of money in society has been a controversial topic in economic theory over many years. Particular attention has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left to a governmental agency. This paper reviews the...
Persistent link: https://www.econbiz.de/10011604291
Cover Image
Money and payments
Holthausen, Cornelia; Monnet, Cyril - 2003
The role of money in society has been a controversial topic in economic theory over many years. Particular attention has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left to a governmental agency. This paper reviews the...
Persistent link: https://www.econbiz.de/10009635956
Cover Image
Money and Payments : A Modern Perspective
Holthausen, Cornelia; Monnet, Cyril - 2021
The role of money in society has been a controversial topic in economic theory over many years. Particular attention has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left to a governmental agency. This paper reviews the...
Persistent link: https://www.econbiz.de/10013319728
Cover Image
When "Risk-Free" Isn't
Dubois, Robert - 2013
The loss of risk-free status for US Treasuries carries significant implications for cash management and collateral operations, the functioning of market interest rate floors, notions of “risk-free” in accounting, financial and portfolio modeling applications, and likely foreshadows an...
Persistent link: https://www.econbiz.de/10014161645
Cover Image
The Purchasing Power of Money in an Exchange Economy
Radwanski, Juliusz F. - 2021
Fiat money requires no backing to be accepted at a uniquely determined positive value. I show this using an equilibrium model with realistic frictions and rational households allowed to freely interact in a competitive environment. The model portrays a modern 'cashless' economy relying on...
Persistent link: https://www.econbiz.de/10013239778
Cover Image
On the Micro-Foundations of Money : The Capitol Hill Baby-Sitting Co-Op
Hens, Thorsten; Schenk-Hoppé, Klaus Reiner; Vogt, Bodo - 2011
This paper contributes to the micro-foundation of money in centralized markets with idiosyncratic uncertainty. It shows existence of stationary monetary equilibria and ensures that there is an optimum quantity of money. The rational solution of our model is compared with actual behavior in a...
Persistent link: https://www.econbiz.de/10014029653
Cover Image
Simulating a Multiproduct Barter Exchange Economy
Levy, Daniel; Bergen, Mark - EconWPA - 2005
We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on … role of money and its functions in real economies by showing the limitations and inefficiencies of the traditional barter …
Persistent link: https://www.econbiz.de/10005125577