Dynamic Auction Markets with Fiat Money

Material TypeArticleLanguageEnglish
TitleDynamic Auction Markets with Fiat Money Author(S)KAZUYA KAMIYA (Author)
Abstract  In this paper, we consider various types of models where fiat money is used to facilitate trades, and investigate whether models with fiat money have the same equilibrium allocations. In particular, we investigate whether or not such models have a continuum of stationary equilibria. ...Paginationp 349-378
SubjectEconomicsDescriptorsEconomics Money
Journal TitleJournal of Money, Credit, and Banking  
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