Aggregate Uncertainty, Money and Banking

Preprint OPEN
Hongfei Sun; (2006)
  • Subject: Money, Banking, Aggregate Uncertainty
    • jel: jel:G21 | jel:E00 | jel:D82
    acm: TheoryofComputation_GENERAL

This paper studies the problem of monitoring the monitor in a model of money and banking with aggregate uncertainty. It shows that when inside money is required as a means of bank loan repayment, a market of inside money is entailed at the repayment stage and generates ... View more
Share - Bookmark