A strategic market game with a mutual bank with fractional reserves and redemption in gold. A continuum of traders
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Publication:1193019
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
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
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- 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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