A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright

Detalhes bibliográficos
Autor(a) principal: Cavalcanti, Ricardo de Oliveira
Data de Publicação: 2003
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/1015
Resumo: A model is presented in which banks accept deposits of fiat money and intermediate capital. Alt though theories about the coexistence of money and credit are inherently difficult, the model offers a simple explanation for the dual role of financial institutions: Banks are well monitored, and can credibly allow fiat-money withdraws to whom needs its, thus qualifying to become safe brokers of idle capital. The model shares some features with those of Diamond and Dybvig (1983) and Kiyotaki and Wright (1989).
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spelling Cavalcanti, Ricardo de OliveiraEscolas::EPGEFGV2008-05-13T15:47:13Z2010-09-23T18:57:18Z2008-05-13T15:47:13Z2010-09-23T18:57:18Z2003-03-240104-8910http://hdl.handle.net/10438/1015A model is presented in which banks accept deposits of fiat money and intermediate capital. Alt though theories about the coexistence of money and credit are inherently difficult, the model offers a simple explanation for the dual role of financial institutions: Banks are well monitored, and can credibly allow fiat-money withdraws to whom needs its, thus qualifying to become safe brokers of idle capital. The model shares some features with those of Diamond and Dybvig (1983) and Kiyotaki and Wright (1989).engFundação Getulio Vargas. Escola de Pós-graduação em EconomiaEnsaios Econômicos;476A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wrightinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaLiquidez (Economia)Balanço de pagamentosInstituições financeirasreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAIL1327.pdf.jpg1327.pdf.jpgGenerated Thumbnailimage/jpeg4202https://repositorio.fgv.br/bitstreams/3116a66c-26a0-427c-b57f-28d8d3032389/download5b577d5d2ecaf71ced4edf28ae10e619MD59TEXT1327.pdf.txt1327.pdf.txtExtracted texttext/plain96763https://repositorio.fgv.br/bitstreams/93d08841-b725-46ca-b9bb-baf1080331ed/download45e42c23d5645fc1730e6d402ec18bacMD58ORIGINAL1327.pdfapplication/pdf279163https://repositorio.fgv.br/bitstreams/cf8b260d-1436-4e5b-8759-872fcf75c0f4/download98a0c50c1ad2ec463519d038470fe1e8MD5310438/10152023-11-08 12:49:18.375open.accessoai:repositorio.fgv.br:10438/1015https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-08T12:49:18Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false
dc.title.eng.fl_str_mv A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
title A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
spellingShingle A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
Cavalcanti, Ricardo de Oliveira
Economia
Liquidez (Economia)
Balanço de pagamentos
Instituições financeiras
title_short A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
title_full A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
title_fullStr A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
title_full_unstemmed A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
title_sort A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
author Cavalcanti, Ricardo de Oliveira
author_facet Cavalcanti, Ricardo de Oliveira
author_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
dc.subject.area.por.fl_str_mv Economia
topic Economia
Liquidez (Economia)
Balanço de pagamentos
Instituições financeiras
dc.subject.bibliodata.por.fl_str_mv Liquidez (Economia)
Balanço de pagamentos
Instituições financeiras
description A model is presented in which banks accept deposits of fiat money and intermediate capital. Alt though theories about the coexistence of money and credit are inherently difficult, the model offers a simple explanation for the dual role of financial institutions: Banks are well monitored, and can credibly allow fiat-money withdraws to whom needs its, thus qualifying to become safe brokers of idle capital. The model shares some features with those of Diamond and Dybvig (1983) and Kiyotaki and Wright (1989).
publishDate 2003
dc.date.issued.fl_str_mv 2003-03-24
dc.date.accessioned.fl_str_mv 2008-05-13T15:47:13Z
2010-09-23T18:57:18Z
dc.date.available.fl_str_mv 2008-05-13T15:47:13Z
2010-09-23T18:57:18Z
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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status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/1015
dc.identifier.issn.none.fl_str_mv 0104-8910
identifier_str_mv 0104-8910
url http://hdl.handle.net/10438/1015
dc.language.iso.fl_str_mv eng
language eng
dc.relation.ispartofseries.por.fl_str_mv Ensaios Econômicos;476
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Fundação Getulio Vargas. Escola de Pós-graduação em Economia
publisher.none.fl_str_mv Fundação Getulio Vargas. Escola de Pós-graduação em Economia
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
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