Money and credit as means of payment: a new monetarist approach

DOI10.1016/J.JET.2015.08.003zbMATH Open1369.91135OpenAlexW2098173536MaRDI QIDQ282149FDOQ282149

Cathy Zhang, Sébastien Lotz

Publication date: 12 May 2016

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://mpra.ub.uni-muenchen.de/64535/1/MPRA_paper_64535.pdf

zbMATH Keywords

coexistence of money and creditcostly record-keepinglimited commitment

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

• Debt Constrained Asset Markets
• Efficiency, Equilibrium, and Asset Pricing with Risk of Default
• Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons
• Money is memory
• Incomplete record-keeping and optimal payment arrangements
• Indeterminacy in credit economies
• Pairwise trade, asset prices, and monetary policy
• A Model of Money and Credit, with Application to the Credit Card Debt Puzzle
• Information, Liquidity, Asset Prices, and Monetary Policy
• Credit and Money in a Search Model with Divisible Commodities
• Money and capital as competing media of exchange
• Money and credit with limited commitment and theft
• Money, credit and banking

Cited In (7)

• Fiat money as a public signal, medium of exchange, and punishment
• Money and Credit Redux
• The Limits of ONETARY ECONOMICS: On Money as a Constraint on Market Power
• Co-essentiality of money and credit: a mechanism-design view
• Optimal monetary interventions in credit markets
• Indeterminacy in credit economies
• Intermediaries and payments instruments.

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