Co-essentiality of money and credit: a mechanism-design view

DOI10.1016/J.JET.2023.105734MaRDI QIDQ6090459zbMATH OpenOpenAlexFDO

Authors Hugo van Buggenum, Stanislav Rabinovich

Publication date 17 November 2023

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

Full work available at URL https://doi.org/10.1016/j.jet.2023.105734

zbMATH Keywords

creditessentialitymechanism designmoneysearch

Mathematics Subject Classification ID

Mechanism design theory (91B03) Trade models (91B60) Macroeconomic theory (monetary models, models of taxation) (91B64) Credit risk (91G40)

Recommendations

• Limited monitoring and the essentiality of money
• Money and Credit Redux
• Money, markets, and dynamic credit
• Decentralized credit and monetary exchange without public record keeping
• Decentralized credit and monetary exchange without public record keeping

Cites work

• Decentralizing constrained-efficient allocations in the Lagos-Wright pure currency economy
• Frictional goods markets: theory and applications
• Indeterminacy in credit economies
• Monetary mechanisms
• Money and credit as means of payment: a new monetarist approach
• Money and Credit Redux
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• Money is memory
• Money, credit and banking
• On the coexistence of money and higher-return assets and its social role
• Optimal monetary interventions in credit markets
• Pairwise trade and coexistence of money and higher-return assets
• Sticky prices and costly credit
• The cost of inflation: a mechanism design approach

Cited in

(2)

• Money and credit as means of payment: a new monetarist approach
• COORDINATION, CREDIT, AND AN ELASTIC CURRENCY

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