Why is there money? Endogenous derivation of `money' as the most liquid asset: A class of examples

DOI10.1007/S00199-002-0326-3zbMath1040.91074OpenAlexW3122573293MaRDI QIDQ1404134

Ross M. Starr

Publication date: 20 August 2003

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://escholarship.org/uc/item/2rt3k4r7

zbMATH Keywords

Fiat moneyCommodity moneyTransaction costDouble coincidence of wantsScale economy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

Related Items (8)

The Jevons double coincidence condition and local uniqueness of money: an example ⋮ Mengerian saleableness and commodity money in a Walrasian trading post example ⋮ Monetary general equilibrium with transaction costs. ⋮ The tax-foundation theory of fiat money ⋮ Emergence of price-taking behavior ⋮ Generalized gradients, bid–ask spreads, and market equilibrium ⋮ Out-of-equilibrium price dynamics ⋮ Commodity money equilibrium in a convex trading post economy with transaction costs

This page was built for publication: Why is there money? Endogenous derivation of `money' as the most liquid asset: A class of examples