New models of old(?) payment questions

Detalhes bibliográficos
Autor(a) principal: Cavalcanti, Ricardo de Oliveira
Data de Publicação: 2006
Outros Autores: Wallace, Neil
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/903
Resumo: Is private money feasible and desirable? In its absence, is there a central bank policy that partially or fully substitutes for private money? In this paper, some recent modeling ideas about how to address these questioned are reviewed and applied. The main ideas are that people cannot commit to future actions and that their histories are to some extent unknown - are not common knowledge. Under the additional assumption that the private monies issued by diferent people are distinct, a strong recognizability assumption, it is shown that there is a role for private money.
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spelling Cavalcanti, Ricardo de OliveiraWallace, NeilEscolas::EPGEFGV2008-05-13T15:40:06Z2008-05-13T15:40:06Z2006-09-010104-8910http://hdl.handle.net/10438/903Is private money feasible and desirable? In its absence, is there a central bank policy that partially or fully substitutes for private money? In this paper, some recent modeling ideas about how to address these questioned are reviewed and applied. The main ideas are that people cannot commit to future actions and that their histories are to some extent unknown - are not common knowledge. Under the additional assumption that the private monies issued by diferent people are distinct, a strong recognizability assumption, it is shown that there is a role for private money.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;619Inside moneyDiscount-window policyMechanism designEconomiaEconomiaPolítica monetáriaBancos centraisMoedaCréditosNew models of old(?) payment questionsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL2119.pdfapplication/pdf204725https://repositorio.fgv.br/bitstreams/535c39b3-bfbd-4846-b683-5ef58cb896c9/download4db81a443bee79a61bebce35e3b61e97MD51TEXT2119.pdf.txt2119.pdf.txtExtracted texttext/plain41656https://repositorio.fgv.br/bitstreams/0b31023b-ad6b-4690-95cf-584e432e6f49/download9e669df3dbcf161f21c03506104e18cdMD56THUMBNAIL2119.pdf.jpg2119.pdf.jpgGenerated Thumbnailimage/jpeg3183https://repositorio.fgv.br/bitstreams/756e6f12-ed2e-4a63-b79f-ad8059b4e636/downloade0107db372c03d4361129907cfcf2a37MD5710438/9032023-11-09 22:00:33.505open.accessoai:repositorio.fgv.br:10438/903https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T22:00:33Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv New models of old(?) payment questions
title New models of old(?) payment questions
spellingShingle New models of old(?) payment questions
Cavalcanti, Ricardo de Oliveira
Inside money
Discount-window policy
Mechanism design
Economia
Economia
Política monetária
Bancos centrais
Moeda
Créditos
title_short New models of old(?) payment questions
title_full New models of old(?) payment questions
title_fullStr New models of old(?) payment questions
title_full_unstemmed New models of old(?) payment questions
title_sort New models of old(?) payment questions
author Cavalcanti, Ricardo de Oliveira
author_facet Cavalcanti, Ricardo de Oliveira
Wallace, Neil
author_role author
author2 Wallace, Neil
author2_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Cavalcanti, Ricardo de Oliveira
Wallace, Neil
dc.subject.por.fl_str_mv Inside money
Discount-window policy
Mechanism design
topic Inside money
Discount-window policy
Mechanism design
Economia
Economia
Política monetária
Bancos centrais
Moeda
Créditos
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Economia
Política monetária
Bancos centrais
Moeda
Créditos
description Is private money feasible and desirable? In its absence, is there a central bank policy that partially or fully substitutes for private money? In this paper, some recent modeling ideas about how to address these questioned are reviewed and applied. The main ideas are that people cannot commit to future actions and that their histories are to some extent unknown - are not common knowledge. Under the additional assumption that the private monies issued by diferent people are distinct, a strong recognizability assumption, it is shown that there is a role for private money.
publishDate 2006
dc.date.issued.fl_str_mv 2006-09-01
dc.date.accessioned.fl_str_mv 2008-05-13T15:40:06Z
dc.date.available.fl_str_mv 2008-05-13T15:40:06Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/903
dc.identifier.issn.none.fl_str_mv 0104-8910
identifier_str_mv 0104-8910
url http://hdl.handle.net/10438/903
dc.language.iso.fl_str_mv eng
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dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;619
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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