Sufficiency of an outside bank and a default penalty to support the value of fiat money: experimental evidence

DOI10.1016/J.JEDC.2014.04.013MaRDI QIDQ1991929zbMATH OpenOpenAlexFDO

Authors Shyam Sunder, Jürgen Huber, Martin Shubik

Publication date 2 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://cowles.yale.edu/sites/default/files/files/pub/d16/d1675-r.pdf

zbMATH Keywords

bankexperimental gamingfiat moneygeneral equilibriumoutside bank

Mathematics Subject Classification ID

Experimental studies (91A90) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Construction of Stationary Markov Equilibria in a Strategic Market Game
• Cooperative behavior and the frequency of social interaction
• Equilibrium with Transaction Costs
• scientific article; zbMATH DE number 4051296 (Why is no real title available?)
• The inflationary bias of real uncertainty and the harmonic Fisher equation
• The optimal bankruptcy rule in a trading economy using fiat money
• Three minimal market institutions with human and algorithmic agents: theory and experimental evidence

Cited in

(6)

• Inside and outside fiat money, gains to trade, and IS-LM
• Loanable funds versus money creation in banking: a benchmark result
• On the money creation approach to banking
• scientific article; zbMATH DE number 2072551 (Why is no real title available?)
• Fiat money, individual rationality and production
• Fiat money and the value of binding portfolio constraints

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Uses Software

• Z-Tree

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