Fiat money in the Kiyotaki-Wright model

DOI10.1007/BF01212470MaRDI QIDQ1338094zbMATH OpenFDO

Authors S. Rao Aiyagari, Neil Wallace

Publication date 17 April 1995

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/BF01212470

zbMATH Keywords

fiat moneytrade

Mathematics Subject Classification ID

Special types of economic equilibria (91B52)

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Cites work

• A contribution to the pure theory of money
• Existence of Steady States With Positive Consumption in the Kiyotaki-Wright Model
• Toward a Theory of International Currency

Cited in

(18)

• More on money as a medium of exchange
• Search, evolution, and money
• Government transaction policy, the medium of exchange, and welfare
• A new suggestion for simplifying the theory of money
• Why fiat money is a safe asset
• A dynamic analysis of Nash equilibria in search models with fiat money
• Endogenizing the provision of money: costs of commodity and fiat monies in relation to the value of trade
• Liquidity, prices, seigniorage, and the transition from barter to fiat money
• scientific article; zbMATH DE number 1665661 (Why is no real title available?)
• Introduction to the symposium issue on money and liquidity
• Fiat Money as a Medium of Exchange
• Existence of Steady States With Positive Consumption in the Kiyotaki-Wright Model
• A Divisible Search Model of Fiat Money
• Fiat money, individual rationality and production
• Money and Goldstone modes
• Fiat money and the value of binding portfolio constraints
• Commodity money with frequent search
• Stationarity without degeneracy in a model of commodity money

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