Monetary Trading: an Optimal Exchange System

Detalhes bibliográficos
Autor(a) principal: Carmona, Guilherme
Data de Publicação: 2002
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/83510
Resumo: We show that monetary trading is simple, self-enforcing, symmetric, and irreducible in a natural framework. Furthermore, we will show that the utility for each economic agent is at least as big under the monetary system as under any other simple, self-enforcing, symmetric, and irreducible trading system of the same complexity. Thus, we rationalize the monetary nature of real-world trade as being an efficient way to achieve those properties.
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spelling Monetary Trading: an Optimal Exchange SystemWe show that monetary trading is simple, self-enforcing, symmetric, and irreducible in a natural framework. Furthermore, we will show that the utility for each economic agent is at least as big under the monetary system as under any other simple, self-enforcing, symmetric, and irreducible trading system of the same complexity. Thus, we rationalize the monetary nature of real-world trade as being an efficient way to achieve those properties.Nova SBERUNCarmona, Guilherme2019-10-07T14:08:34Z2002-10-152002-10-15T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10362/83510engCarmona, Guilherme, Monetary Trading: an Optimal Exchange System (October, 2002). FEUNL Working Paper Series No. 420info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T04:37:15Zoai:run.unl.pt:10362/83510Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:36:20.214007Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Monetary Trading: an Optimal Exchange System
title Monetary Trading: an Optimal Exchange System
spellingShingle Monetary Trading: an Optimal Exchange System
Carmona, Guilherme
title_short Monetary Trading: an Optimal Exchange System
title_full Monetary Trading: an Optimal Exchange System
title_fullStr Monetary Trading: an Optimal Exchange System
title_full_unstemmed Monetary Trading: an Optimal Exchange System
title_sort Monetary Trading: an Optimal Exchange System
author Carmona, Guilherme
author_facet Carmona, Guilherme
author_role author
dc.contributor.none.fl_str_mv RUN
dc.contributor.author.fl_str_mv Carmona, Guilherme
description We show that monetary trading is simple, self-enforcing, symmetric, and irreducible in a natural framework. Furthermore, we will show that the utility for each economic agent is at least as big under the monetary system as under any other simple, self-enforcing, symmetric, and irreducible trading system of the same complexity. Thus, we rationalize the monetary nature of real-world trade as being an efficient way to achieve those properties.
publishDate 2002
dc.date.none.fl_str_mv 2002-10-15
2002-10-15T00:00:00Z
2019-10-07T14:08:34Z
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/10362/83510
url http://hdl.handle.net/10362/83510
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Carmona, Guilherme, Monetary Trading: an Optimal Exchange System (October, 2002). FEUNL Working Paper Series No. 420
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Nova SBE
publisher.none.fl_str_mv Nova SBE
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
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