أعرض تسجيلة المادة بشكل مبسط

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


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أعرض تسجيلة المادة بشكل مبسط