Title of article :
The essentialityofmoneyinenvironmentswithcentralizedtrade
Author/Authors :
Luis Araujo، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2012
Pages :
10
From page :
612
To page :
621
Abstract :
LagosandWright(2005) introducedaninfluentialmodelofmonetaryexchangeinwhich trade alternatesbetweencentralizedanddecentralizedmarketsandmoneyisessential. A limitationoftheirmodelandoftheliteraturethatfollowsisthattheydonotprovidea microfoundationfortheprocessofexchangeinthecentralizedmarket.Inthispaper,we show thathowonemodelsexchangeinthecentralizedmarketmattersforthe essentialityofmoneybydescribingthecentralizedmarketasastrategicmarketgame and studyingconditionsunderwhichmoneyisessential
Journal title :
Journal of Monetary Economics
Serial Year :
2012
Journal title :
Journal of Monetary Economics
Record number :
846546
Link To Document :
https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=846546
بازگشت