Money, credit and banking

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19081

Full metadata record

DC Field	Value	Language
dc.creator	Berentsen, Aleksander	-
dc.creator	Camera, Gabriele	-
dc.creator	Waller, Christopher Jude	-
dc.date	2005	-
dc.date.accessioned	2013-10-16T07:02:46Z	-
dc.date.available	2013-10-16T07:02:46Z	-
dc.date.issued	2013-10-16	-
dc.identifier	http://hdl.handle.net/10419/19081	-
dc.identifier	ppn:509703992	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/19081	-
dc.description	In monetary models in which agents are subject to trading shocks there is typically an ex-post inefficiency in that some agents are holding idle balances while others are cash constrained. This inefficiency creates a role for financial intermediaries, such as banks, who accept nominal deposits and make nominal loans. We show that in general financial intermediation improves the allocation and that the gains in welfare arise from paying interest on deposits and not from relaxing borrowers? liquidity constraints. We also demonstrate that increasing the rate of inflation can be welfare improving when credit rationing occurs.	-
dc.language	eng	-
dc.relation	CESifo working papers 1617	-
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen	-
dc.subject	D9	-
dc.subject	E5	-
dc.subject	E4	-
dc.subject	ddc:330	-
dc.subject	money	-
dc.subject	credit	-
dc.subject	rationing	-
dc.subject	banking	-
dc.subject	Geldtheorie	-
dc.subject	Geld	-
dc.subject	Kredit	-
dc.subject	Mengenrationierung	-
dc.subject	Geldmengensteuerung	-
dc.title	Money, credit and banking	-
dc.type	doc-type:workingPaper	-
Appears in Collections:	EconStor

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