Narrow search
Showing 1 - 6 of 6
Cover Image
A model of fiat money and barter
Hayashi, Fumio - 1994
Persistent link: https://www.econbiz.de/10000905794
Cover Image
A model of fiat money and barter
Hayashi, Fumio - In: Journal of economic theory 68 (1996) 1, pp. 111-132
Persistent link: https://www.econbiz.de/10001193968
Cover Image
Toward a theory of international currency
Matsuyama, Kiminori - In: The review of economic studies 60 (1993) 2, pp. 283-307
Persistent link: https://www.econbiz.de/10001141659
Cover Image
A Model of Fiat Money and Barter
Hayashi, Fumio; Matsui, Akihiko - 2000
We present an infinite horizon model with capital in which fiat money and barter are two competing means of payment. Fiat money has value because barter is limited by the extent of a double coincidence of wants. The pattern of exchange generally involves both money and barter. We find that the...
Persistent link: https://www.econbiz.de/10014157957
Cover Image
The role of money in supporting the Pareto optimality of competitive equilibrium in consumption-loan type models
Cass, David; Okuno, Masahiro; Zilcha, Itzhak - In: Journal of economic theory 20 (1979) 1, pp. 41-80
Persistent link: https://www.econbiz.de/10001990511
Cover Image
A Model of Fiat Money and Barter
Hayashi, Fumio - 1994
We present an infinite horizon model with capital in which fiat money and barter are two competing means of payment. Fiat money has value because barter is limited by the extent of a double coincidence of wants. The pattern of exchange generally involves both money and barter. We find that the...
Persistent link: https://www.econbiz.de/10012473985