Cargando…

Money and credit : theory and applications /

We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs). Frictions that make the choice of payment method interesting also imply equilibrium...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Wang, Liang (Autor), Wright, Randall (Autor), Liu, Lucy Qian (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, District of Columbia] : International Monetary Fund, 2017.
Colección:IMF working paper ; WP/17/14.
Temas:
Acceso en línea:Texto completo

MARC

LEADER 00000cam a2200000Mi 4500
001 EBSCO_ocn980805089
003 OCoLC
005 20231017213018.0
006 m d
007 cr |||||||||||
008 170320t20172017dcua ob 000 0 eng d
040 |a IDEBK  |b eng  |e rda  |c IDEBK  |d UWO  |d OCLCQ  |d IDEBK  |d OCLCQ  |d OCLCF  |d OCLCO  |d CUY  |d CEF  |d OTZ  |d N$T  |d AGLDB  |d IGB  |d G3B  |d S8J  |d S8I  |d STF  |d D6H  |d BTN  |d AUW  |d INTCL  |d MHW  |d SNK  |d CUS  |d OCLCO  |d OCLCQ  |d OCLCO 
020 |a 1475577729  |q (electronic bk.) 
020 |a 9781475577723  |q (electronic bk.) 
020 |z 1475572336 
020 |z 9781475572339 
024 7 |a 10.5089/9781475572339.001  |2 doi 
029 1 |a AU@  |b 000065647810 
035 |a (OCoLC)980805089 
037 |a 997768  |b MIL 
050 4 |a HB141 
072 7 |a BUS  |x 069000  |2 bisacsh 
072 7 |a BUS  |x 055000  |2 bisacsh 
082 0 4 |a 330.015195  |2 23 
049 |a UAMI 
100 1 |a Wang, Liang,  |e author. 
245 1 0 |a Money and credit :  |b theory and applications /  |c by Liang Wang, Randall Wright, and Lucy Qian Liu. 
264 1 |a [Washington, District of Columbia] :  |b International Monetary Fund,  |c 2017. 
264 4 |c ©2017 
300 |a 1 online resource (55 pages) :  |b illustrations, tables. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/17/14 
520 3 |a We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs). Frictions that make the choice of payment method interesting also imply equilibrium price dispersion. We deliver closed-form solutions for money demand. We then show the model can simultaneously account for the price-change facts, cash-credit shares in micro payment data, and money-interest correlations in macro data. We analyze the effects of inflation on welfare, price dispersion and markups. We also describe nonstationary equilibria as self-fulfilling prophecies, which is standard, except here it entails dynamics in the price distribution. 
590 |a eBooks on EBSCOhost  |b EBSCO eBook Subscription Academic Collection - Worldwide 
650 0 |a Econometric models. 
650 0 |a Economic forecasting. 
650 6 |a Modèles économétriques. 
650 6 |a Prévision économique. 
650 7 |a BUSINESS & ECONOMICS / Economics / General  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS / Reference  |2 bisacsh 
650 7 |a Econometric models  |2 fast 
650 7 |a Economic forecasting  |2 fast 
700 1 |a Wright, Randall,  |e author. 
700 1 |a Liu, Lucy Qian,  |e author. 
776 0 8 |i Print version:  |a Wang, Liang  |t Money and Credit: Theory and Applications  |d Washington, D.C. : International Monetary Fund,2017  |z 9781475572339 
830 0 |a IMF working paper ;  |v WP/17/14. 
856 4 0 |u https://ebsco.uam.elogim.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1479853  |z Texto completo 
938 |a ProQuest MyiLibrary Digital eBook Collection  |b IDEB  |n cis37730582 
938 |a EBSCOhost  |b EBSC  |n 1479853 
994 |a 92  |b IZTAP