A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright
Autor(a) principal: | |
---|---|
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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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 |
format |
article |
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) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
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FGV |
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FGV |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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Repositório Institucional do FGV (FGV Repositório Digital) |
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