|
EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/18003
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Sissoko, Carolyn | | en_US |
| dc.date.accessioned | | 2009-01-28T15:06:03Z | | - |
| dc.date.available | | 2009-01-28T15:06:03Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.citation | | Economics: The Open-Access, Open-Assessment E-Journal 1 2007-5 1-29 doi:10.5018/economics-ejournal.ja.2007-5 | | - |
| dc.identifier.pi | | doi:10.5018/economics-ejournal.ja.2007-5 | | - |
| dc.identifier.uri | | http://hdl.handle.net/10419/18003 | | - |
| dc.description.abstract | | We consider an environment where the general equilibrium assumption that every agent buys and sells simultaneously is relaxed. We show that fiat money can implement a Pareto optimal allocation only if taxes are type-specific. We then consider intermediated money by assuming that financial intermediaries whose liabilities circulate as money have an important identifying characteristic: they are widely viewed as default-free. The paper demonstrates that default-free intermediaries who issue deposit accounts with credit lines to consumers can resolve the monetary problem and make it possible for the economy to reach a Pareto optimum. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | economics - The Open-Access, Open-Assessment E-Journal 2007-5 | | en_US |
| dc.subject.jel | | E5 | | en_US |
| dc.subject.jel | | G2 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Fiat Money | | en_US |
| dc.subject.keyword | | Cash-in-advance | | en_US |
| dc.subject.keyword | | Financial Intermediation | | en_US |
| dc.subject.stw | | Finanzintermediär | | en_US |
| dc.subject.stw | | Papierwährung | | en_US |
| dc.subject.stw | | Cash-in-Advance-Modell | | en_US |
| dc.subject.stw | | Allgemeines Gleichgewicht | | en_US |
| dc.subject.stw | | Geldtheorie | | en_US |
| dc.title | | An Idealized View of Financial Intermediation | | en_US |
| dc.type | | Article | | en_US |
| dc.identifier.ppn | | 534305482 | | en_US |
| dc.identifier.url | | http://www.economics-ejournal.org/economics/journalarticles/2007-5 | | - |
| dc.rights.license | | http://creativecommons.org/licenses/by-nc/2.0/de/deed.en | | - |
| dc.identifier.repec | | RePEc:zbw:ifweej:5740 | | - |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|