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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18003Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Sissoko, Carolyn | - |
| dc.date | 2007 | - |
| dc.date.accessioned | 2013-10-16T06:57:53Z | - |
| dc.date.available | 2013-10-16T06:57:53Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | Economics: The Open-Access, Open-Assessment E-Journal 1 2007-5 1-29 doi:10.5018/economics-ejournal.ja.2007-5 | - |
| dc.identifier | doi:10.5018/economics-ejournal.ja.2007-5 | - |
| dc.identifier | http://hdl.handle.net/10419/18003 | - |
| dc.identifier | ppn:534305482 | - |
| dc.identifier | http://www.economics-ejournal.org/economics/journalarticles/2007-5 | - |
| dc.identifier | RePEc:zbw:ifweej:5740 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18003 | - |
| dc.description | 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. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | economics - The Open-Access, Open-Assessment E-Journal 2007-5 | - |
| dc.rights | http://creativecommons.org/licenses/by-nc/2.0/de/deed.en | - |
| dc.subject | E5 | - |
| dc.subject | G2 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Fiat Money | - |
| dc.subject | Cash-in-advance | - |
| dc.subject | Financial Intermediation | - |
| dc.subject | Finanzintermediär | - |
| dc.subject | Papierwährung | - |
| dc.subject | Cash-in-Advance-Modell | - |
| dc.subject | Allgemeines Gleichgewicht | - |
| dc.subject | Geldtheorie | - |
| dc.title | An Idealized View of Financial Intermediation | - |
| dc.type | doc-type:article | - |
| Appears in Collections: | EconStor | |
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