How Required Reserve Ratio Affects Distribution and Velocity of Money

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Ning Xi; Ning Ding; Yougui Wang; (2005)
  • Related identifiers: doi: 10.1016/j.physa.2005.04.014
  • Subject: Physics - Physics and Society | Condensed Matter - Statistical Mechanics | Quantitative Finance - General Finance
    arxiv: Computer Science::Computers and Society | Computer Science::Computer Science and Game Theory

In this paper the dependence of wealth distribution and the velocity of money on the required reserve ratio is examined based on a random transfer model of money and computer simulations. A fractional reserve banking system is introduced to the model where money creatio... View more
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