Private Money and Reserve Management in a Random Matching Model.

We introduce an element of centralization in a random matching model of money that allows for private liabilities to circulate as media of exchange. Some agents which we identify as banks, are endowed with the technology to issue notes and to record-keep reserves with a central clearinghouse, which wa call the treasory. Classification-JEL: E40; E41

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Year of publication:	1997
Authors:	Cavalcanti, R. ; Erosa, A. ; Temzelides, T.
Institutions:	University of Western Ontario, Department of Economics
Subject:	MONEY \| ECONOMIC MODELS

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Series:	UWO Department of Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	41 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005515496