Money creation process in a random redistribution model

In this paper, the dynamical process of money creation in a random exchange model with debt is investigated. The money creation kinetics are analyzed by both the money-transfer matrix method and the diffusion method. From both approaches, we attain the same conclusion: the source of money creation in the case of random exchange is the agents with neither money nor debt. These analytical results are demonstrated by computer simulations.

MoreLess

Year of publication:	2014
Authors:	Chen, Siyan ; Wang, Yougui ; Li, Keqiang ; Wu, Jinshan
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 394.2014, C, p. 217-225
Publisher:	Elsevier
Subject:	Money creation \| Random exchange model \| Diffusion process \| Econophysics

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010719727