Chargement en cours…
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...
| Cote: | Libro Electrónico |
|---|---|
| Auteurs principaux: | , , |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
[Washington, District of Columbia] :
International Monetary Fund,
2017.
|
| Collection: | IMF working paper ;
WP/17/14. |
| Sujets: | |
| Accès en ligne: | Texto completo |