A strategic market game with a mutual bank with fractional reserves and redemption in gold. A continuum of traders

DOI10.1007/BF01227417zbMath0825.90293OpenAlexW1510811899MaRDI QIDQ1193019

Martin Shubik, Dimitrios P. Tsomocos

Publication date: 27 September 1992

Published in: Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf01227417

Mathematics Subject Classification ID

Applications of game theory (91A80) Other game-theoretic models (91A40) Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (16)

Loanable funds versus money creation in banking: a benchmark result ⋮ Banks, relative performance, and sequential contagion ⋮ On default and uniqueness of monetary equilibria ⋮ Monetary policy with linear information costs ⋮ Strategic market games: an introduction. ⋮ Equilibrium analysis, banking and financial instability. ⋮ Arbitrage, strategic inefficiency and self-regulation ⋮ Generic determinacy and money non-neutrality of international monetary equilibria ⋮ A strategic market game of a finite exchange economy with a mutual bank ⋮ A time series analysis of financial fragility in the UK banking system ⋮ On the money creation approach to banking ⋮ Strategic behavior in financial markets ⋮ Nominal uniqueness and money non-neutrality in the limit-price exchange process ⋮ State prices, liquidity, and default ⋮ Monetary transaction costs and the term premium ⋮ Collateral and the efficiency of monetary policy

Cites Work

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• The transactions cost of money (a strategic market game analysis)
• The unique minimal cash flow competitive equilibrium
• A note on an optimal garnishing rule
• The revelation of information in strategic market games. A critique of rational expectations equilibrium
• A theory of money and financial institutions. 28. The noncooperative equilibria of a closed trading economy with market supply and bidding strategles
• The optimal bankruptcy rule in a trading economy using fiat money
• On the Role of Money and the Existence of a Monetary Equilibrium

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