Showing 1 - 3 of 3
Fundamental models of money, while explicit about the frictions that render money essential, are silent on how agents actually coordinate in its use. This paper studies this coordination problem, providing an endogenous map between the primitives of the environment and the beliefs on the...
Persistent link: https://www.econbiz.de/10011120398
Persistent link: https://www.econbiz.de/10005180573
Persistent link: https://www.econbiz.de/10005182443