A Model of Fiat Money and Barter
收藏NBER1994-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4919
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资源简介：
We present an infinite horizon model with capital in which fiat money and barter are two competing means of payment. Fiat money has value because barter is limited by the extent of a double coincidence of wants. The pattern of exchange generally involves both money and barter. We find that the
提供机构：
美国国家经济研究局
创建时间：
1994-11-01
