Credit and Money in a Search Model with Divisible Commodities
- 1 October 1996
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 63 (4) , 627-652
- https://doi.org/10.2307/2297797
Abstract
This paper examines the competition between money and credit in a search model with divisible commodities. It is shown that fiat money can be valuablKeywords
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