Search-Money-and-Barter Models of Financial Stabilization
dc.contributor.author | Boyarchenko, S. I. | en_US |
dc.contributor.author | Levendorskii, S. Z. | en_US |
dc.date.accessioned | 2006-08-01T16:33:49Z | |
dc.date.available | 2006-08-01T16:33:49Z | |
dc.date.issued | 2000-07-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2000-332 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39716 | en_US |
dc.description.abstract | A macroeconomic model based on search-theoretical foundations is built to show that in an economy with structural deficiencies of the Russian Virtual Economy, money substitutes appear as a result of optimizing behavior of agents. Moreover, the volume of money substitutes is typically large, and it is impossible to reduce their volume significantly by using standard instruments as an increase of the money supply or decreasing the tax level. The result obtains for an economy, where there are large natural monopolies and widespread informal networks. | en_US |
dc.format.extent | 189544 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 1785585 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 332 | en_US |
dc.title | Search-Money-and-Barter Models of Financial Stabilization | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39716/3/wp332.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
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